BankBoston Launches New Index To Assess Currency Strength
RESEARCH
BOSTON--BankBoston has launched a new index designed to measure the underlying strength of national currencies, by assessing a country's ability to accelerate productivity gains through technological development and a range of other criteria.
The index will help traders and economists predict whether countries will see their currency favoured or punished in coming years, according to a spokesperson for the bank.
The "Creative Destruction Index" has been developed by the New England bank's senior
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