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TD like NZD/CAD a lot lower, could fall to 0.7670
TD's key takeaways on NZD/CAD: 1. Divergence in Terms of Trade: TD highlights a significant divergence in the terms of trade between New Zealand and Canada. Terms of trade measure the value of a country's exports relative to the value of its imports. A rising terms of trade can be beneficial for a nation's currency as it indicates that the country can buy more imports for the same amount of exports. 2. Oil Prices and CAD: The Canadian dollar (CAD) stands to gain from the recent surge in oil pri...
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Posted: Aug 18 2023, 01:23
Author Name: forexlive
Views: 111815