Day: January 14, 2008

NZD Gains Against USD and JPY

New Zealand dollar is showing a high level breaking growth today against the U.S. dollar after the confidence in the carry trade and other high-risk investments rose on the Fed‘s rate cut expectations. NZD/USD reached its highest value since December 12 as the investors are sure that the Fed will cut the rate by at least 0.50% during the next FOMC meeting, increasing the gap between interest rates of the U.S. and New Zealand […]