Forex Currency Trading Update: NZD vs USD - Vaughan’s Fave!
OK, so I’ve been banging on & on about currency trading of NZD and the USD.
For some time, and to my lasting delight, I’ve found the movements of these two currencies against one another to be really predictable.
Internal interest rates in New Zealand have risen steadily, as has foreign interest in New Zealand investments.
The NZ Dollar has risen to almost double it’s value in five years against the already weakening US Dollar.
Arguments that surface over whether the New Zealand Dollar has risen, or the US dollar has weakened are moot, as both are true.
In this article, I sold the NZD against the USD. Of course my prediction was that the NZ dollar value would have a short-term dip against the US.
Some might dub this “a brave call”, based on the above, (Particulaly after the weak economic data out of the US on Friday!), but as of right now (10.19am Sunday 6/5/2007), the NZ dollar has dipped to a value of .73700.
For me, this has been a 44.3 PIP Gain, or a return of over 13% on my money in 7 days.
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August 17th, 2007
[…] all know ther Kiwi dollar has been making vast gains  against the Greenback, to the point of 25 year highs that were just reached this […]
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