March 30 (Bloomberg) -- Investors are the most bullish on Australian and New Zealand dollars since 2003, anticipating that spending on commodities will increase as central banks print unprecedented amounts of cash to rescue their economies.
Nineteen of the largest developed economies are spending 43 percent of their average gross domestic product to end the worst economic crisis since the Great Depression, the International Monetary Fund said March 6, adjusting for cost-of-living variances. The Group of 20 nations’ debt will jump next year to 77 percent of GDP, up 11 points from 2008, the IMF report said.
Aberdeen Asset Management, Hermes Pension Management Ltd. and Kokusai Global Sovereign Open Fund figure that new money will spur demand for everything from iron ore and oil to wool, so they’re buying Aussies, kiwis and Norwegian kroner. read more
Nineteen of the largest developed economies are spending 43 percent of their average gross domestic product to end the worst economic crisis since the Great Depression, the International Monetary Fund said March 6, adjusting for cost-of-living variances. The Group of 20 nations’ debt will jump next year to 77 percent of GDP, up 11 points from 2008, the IMF report said.
Aberdeen Asset Management, Hermes Pension Management Ltd. and Kokusai Global Sovereign Open Fund figure that new money will spur demand for everything from iron ore and oil to wool, so they’re buying Aussies, kiwis and Norwegian kroner. read more
