Jul20
By Tom Holian
The New Zealand Dollar has strenghtened slighlty this morning against the Pound as carry trading is continuing to affect the exchange rate.The market has dropped two cents since the previous day
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Jul17
By admin
The New Zealand Dollar did well against most major currencies last week so this may be a window of opportunity to take advantage of if you have Kiwi Dollars to sell by speaking to an experienced currency broker.
The NZD is highly risk sensitive as with it’s comparatively higher yield when compared to other currencies investors use it as part of carry trades (a system by which they borrow money at low interest rates and invest in those with a higher one) during times of economic stability but tend to reverse these position in times of uncertainty.
Over the last 6 months NZD has strengthened significantly against Sterling from a high above 2.85 to current levels hovering around 2.50
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