One of the highest yielding currencies may hike rates yet again. Over the the past thirty days the New Zealand Dollar has gained a whopping 500 pips against the Japanese Yen with speculation the new interest rate spread will be 7.25% ( Current yeilds: Yen .25% – NZD 7.25% with expectations to rise to 7.5%)
Posted: October 18th, 2006 under Interest Rates, South Pacific.
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