{"id":2704,"date":"2014-12-10T06:56:49","date_gmt":"2014-12-10T11:56:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2704"},"modified":"2014-12-10T06:56:49","modified_gmt":"2014-12-10T11:56:49","slug":"australias-dutch-disease-more-severe-than-canadas-currencies-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2704","title":{"rendered":"Australia\u2019s Dutch Disease More Severe Than Canada\u2019s: Currencies &#8211; Bloomberg"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-12-10\/australia-s-dutch-disease-more-severe-than-canada-s-currencies.html\">Australia\u2019s Dutch Disease More Severe Than Canada\u2019s: Currencies &#8211; Bloomberg<\/a>.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">The\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/currency-market\/\">currency market<\/a>\u00a0is diagnosing<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/australia\/\">Australia<\/a>\u00a0with a worse case of \u201c<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" title=\"Open Web Site\" href=\"http:\/\/www.investopedia.com\/terms\/d\/dutchdisease.asp\" rel=\"external\">Dutch Disease<\/a>\u201d than\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/canada\/\">Canada<\/a>\u00a0as the commodity-heavy economies suffer the fallout from slumping prices.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">After a decade-long boom in\u00a0<a class=\"web_ticker\" style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" title=\"Get Quote\" href=\"http:\/\/www.bloomberg.com\/quote\/BCOM:IND\">raw materials\u00a0<\/a>that pushed up their exchange rates, manufacturing in both countries is shrinking and some economists are drawing parallels to the Netherlands when it became too dependent on natural gas after its discovery there in 1959. Traders are betting Australia, which this year announced the closure of its last auto plant, may be slower to adapt to the current plunge in commodities than its North American cousin.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">Canada\u2019s dollar is outperforming its antipodean counterpart by the most in a year against an\u00a0<a class=\"web_ticker\" style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" title=\"Get Quote\" href=\"http:\/\/www.bloomberg.com\/quote\/BCOM:IND\">index (BCOM)<\/a>\u00a0of developed-market peers, and forecasters from Sydney-based Westpac Banking Corp. to Toronto-based Royal Bank of Canada predict that trend will continue. National Australia Bank has recommended betting against the Aussie versus the loonie since March, and says it has no plans to abandon the trade.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia\u2019s Dutch Disease More Severe Than Canada\u2019s: Currencies &#8211; Bloomberg. The\u00a0currency market\u00a0is diagnosingAustralia\u00a0with a worse case of \u201cDutch Disease\u201d than\u00a0Canada\u00a0as the commodity-heavy economies suffer the fallout from slumping prices. After a decade-long boom in\u00a0raw materials\u00a0that pushed up their exchange rates, manufacturing in both countries is shrinking and some economists are drawing parallels to the Netherlands [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[41,103,151,1783],"class_list":["post-2704","post","type-post","status-publish","format-standard","hentry","category-economics","tag-australia","tag-canada","tag-commodities","tag-dutch-disease"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2704"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2704\/revisions"}],"predecessor-version":[{"id":2705,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2704\/revisions\/2705"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}