Institutional traders may need to be effective traders not just of forex, but also of commodities, options, derivatives and other financial instruments.
One can, with money alone, buy not only basic commodities but also private housing, private schooling, and private health care.
The raising of the value of the Yuan can make it less expensive for China to import oil and other commodities but can also increase the price of oil to the U.S. consumers as the value of the dollar continues to decline.
Similarly, developing nations will continue to grow, which will not only help the values of their company stocks, but will also help drive the global demand for commodities.
Inequality has fallen in countries that rely heavily on exports of commodities, such as Peru, but also in those where manufacturing plays a bigger role, such as Mexico.
It has famously been interrupted through the centuries but also in recent times, as global busts in commodities or real estate, or other home-market vagaries, got in the way of would-be Marco Polos.
All those containers that are coming in, they have, in some cases, commodities coming from Latin America, but they also have finished products that are coming in from Latin America.
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The NFA is similar to the CFTC and also oversees the broader futures and commodities markets, but instead of being a government agency, it is a private-sector self-regulatory organization authorized by Congress.
Graeme Train, China commodities analyst at Macquarie, sees that as a positive, but also notes the data need to be treated with caution.
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But it has also inflated the value of resource-scarce Japan's imports of crude oil and other commodities, which offset a recovery in demand for Japanese-made vehicles and machinery.
But it will also wipe out some traders and reduce the net worth of individual investors who have piled into the commodities bubble.
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