Kiwi in Flight
It’s been a long time coming. Of the major currencies commonly traded, there have been no interest rate increases since 2010 when Australia last increased its overnight rates. Australian rates didn’t last long at those levels and were reduced in stages soon afterwards, matching the other major economies. This time though, things feel different. On Wednesday evening this week, the Reserve Bank of New Zealand announced a rise in interest rates from 2.5% to 2.75% (well, Thursday morning in New Zealand at the time). An interest rate increase in any of the major currencies is as rare as New...
Read MoreMy Top 3 Trading Apps
In a world where everyone is constantly on the move, I have found that apps on smart phones are a great way to constantly keep up to date with rates, charts and even the local currency rates when you’re overseas. Here are my top 3 trading apps at the moment: 1. XE Currency – This is extremely user friendly and easy to use. It offers the user live information on market rates as well as daily, weekly, monthly and even yearly charts on currency pairs. It’s extremely popular with over 20 million downloads worldwide. 2. Citi Foreign Exchange Rates – This another easy to...
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