November 09, 2007

New Zealand Dollar Gains in Forex Trading

Kiwi up against greenback in currency trading

The kiwi is making solid gains against the greenback in currency trading on the FX market today. As the U.S. economy flounders, talks of another rate cut have surfaced, but it looks as though there is no end in sight for inflation in the New Zealand economy. Bloomberg reports on the New Zealand dollar in forex trading:

``The yield differential is continuing to drive the kiwi,'' said Tony Allen, currency trader at ANZ National Bank Ltd. in Wellington, referring to the currency by its nickname. ``People are casting their minds to the chance of another U.S. cut.''


	More on a Possible U.S. Rate Cut
	Interest rate news
	http://today.reuters.com/news/articleinvesting.aspx?type=usDollarRpt&storyID=2007-11-09T084927Z_01_L09215016_RTRIDST_0_MARKETS-FOREX-UPDATE-3.XML

	New Zealand Dollar and Forex Trading
	Currency trading on the FX market
	http://www.gftforex.com/land/index.asp?aid=446

Topic Tags: currency trading, forex trading, FX market, greenback currency trading, kiwi currency trading, New Zealand dollar forex trading, U.S. economy, U.S. rate cut

by mmarquit

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