Obama Hopeful on Asia Pacific Trade Deal

President Barack Obama says he hopes the U.S. and its negotiating partners can make progress on an Asia-Pacific trade pact by the time he travels to the region later this year.

Obama is meeting in the Oval Office with New Zealand Prime Minister John Key. The U.S. and New Zealand are part of the 12-nation group trying to negotiate the Trans-Pacific Partnership pact.

Key has the distinction of being one of few foreign leaders who have joined Obama for a golf outing. They played a round in January while both were vacationing in Hawaii.

Obama says he looks forward to visiting New Zealand, if not this year, then before the end of his presidency. Obama is scheduled to travel to Asia in November.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza