Sentences with phrase «currency twi»

From its early 2002 peak, the US dollar has fallen by 24 per cent on the major currency TWI but only 13 per cent on the broader measure, which includes several currencies that are either directly linked to the US dollar or closely managed against it.

The broad trade - weighted index (TWI) has risen by around 2 per cent, while the major currencies TWI is up by around 4 per cent (Graph 23).

Not exact matches

Other factors have also been at work, however, as the Australian dollar has fallen against all currencies in the TWI except the New Zealand dollar — i.e. the fall has been very broadly based (Table 6).

The broader measure of the US TWI, which reflects currency moves against all significant trading partners, has not adjusted down as much.

With most Asian currencies moving closely with the US dollar over the period, and these currencies having a large weight in the Australian dollar TWI, over 70 per cent of the TWI was in effect determined by movements in the US dollar.

While the US dollar itself accounts for 14 per cent of the TWI, the total weight of the US dollar and those currencies which are either directly linked to it or closely managed against it is around 50 per cent.

As such the US broad TWI fell by only about half as much as the fall against the major currencies (Graph 18).

As noted, Asian currencies are important in the TWI and the appreciation against these currencies accounts for about two - thirds of the 18 per cent rise in the TWI over the past year.

On a trade - weighted basis, the rise in the Australian dollar has also been quite substantial, since the TWI gives a high weight to a number of Asian currencies whose governments have chosen to depreciate with the US dollar.