New Zealand may be a tiny country in terms of people at around 4.4 million, but it has a lot going for it. Forex traders are attracted to the NZD because of its high yield and free-floating nature. What drives the NZD?
The main NZD currency pair with the least cost to trade is the NZD/USD. It’s appreciated in the 21st century from a low of 0.3900 in 2000 to a high of about 0.8800 in 2011, and is currently sitting around 0.8300. That’s some pretty wicked appreciation that many of us can choose to take part of.
Read the rest of the article at TraderPlanet: http://www.traderplanet.com/articles/view/165034-forex-what-makes-the-kiwi-go-usdnzd/
Share your thoughts:
- Do you like to trade the NZD?
- What’s your favourite NZD currency pair to trade?
- What do you think’s the current outlook for NZD?
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About the Author: I’m Rachel Hunter, TraderRach, a Forex Trader who helps traders achieve the life they love with forex. Be strategic and design your trading business for sustainable success and have fun! That’s my mission. Join many traders’ gaining the edge with “10 Powerful Lessons for Forex Trading Success” plus other goodies. Years of precious learning specially packaged up for you. My background before trading is as a Chartered Accountant and Chief Financial Officer. I know what it takes to make a trading business rock on. It would give me great pleasure to make a difference to your success.