Excerpt from: Forex Analysis
|
 |
| March 28, 2008 | | Currency trading with the kiwi | When formulation New Zealand dollar forex trading strategy, it is important to recognize the growth factors for the currency. In trading with the kiwi, note that it is a commodity currency and could increase with the market.
Additionally, inflation is still a problem in New Zealand. So, even though it struggled in currency trading yesterday, the kiwi has room for growth. Bloomberg reports on the New Zealand dollar in forex trading:
``Relative economic growth favors the kiwi,'' said Greg
Gibbs, a foreign-exchange strategist at ABN Amro Holding NV in
Sydney, referring to the currency by its nickname. ``I wouldn't
be surprised to see the New Zealand dollar grind higher today.'' | Topic Tags: commodity currency, currency market, currency trading kiwi, forex trading strategy, inflation New Zealand, kiwi growth, New Zealand dollar forex trading, New Zealand dollar strategy | |
|
|
