Biggest Loser and Developed Economy

developed economy: After moving in the same direction versus the U.S. dollar every year since 2007, New Zealands currency, nicknamed the kiwi, has been the biggest gainer and Canadas loonie the biggest loser among 16 major peers in 2014. The Antipodean nation this month became the first developed economy to raise interest rates since 2011, boosting the kiwis allure for investors, while Canada hasnt ruled out further cuts to borrowing costs, according to The Star. That policy split reflects a divergence in the economic health of two nations that have traditionally been linked by their reliance on exporting commodities. New Zealand has reduced the deficit in its current account to the least as a proportion of gross domestic product in two years, while the broadest measure of Canadas trade is deteriorating and One glance at this quarters foreign-exchange returns shows how far apart developed economies are in normalizing their monetary policies. Aging Baby Boomers will slow the economy, says Bank of Canada governor (www.immigrantscanada.com). As reported in the news.