I used NZ FOREX--just make sure your bank doesnt charge to take them out (when your ready) some banks charge 1% --I had a $US acc. at ANZ because they dont charge to move them out (eventually back to NZ Forex and back into $Kiwi.
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I used NZ FOREX--just make sure your bank doesnt charge to take them out (when your ready) some banks charge 1% --I had a $US acc. at ANZ because they dont charge to move them out (eventually back to NZ Forex and back into $Kiwi.
http://www.bloomberg.com/news/2014-0...-ubs-says.html
New Zealand Dollar Vulnernable to Intervention, UBS Says
Its hanging there moosie .... hang in there you brave little battler
Have a breather over the weekend and come back refreshed next week, I be cheering you on
http://www.nzherald.co.nz/business/n...ectid=11314345
NZ dollar holds at six-month low
Not usually a forex guy but haven't been able to ignore this in 2014. Potentially another big week coming up: GDT and Fed meeting as well. Right now we are well through 82c. Not sure where the next stop is - anyone hazard a guess?
http://www.bloomberg.com/news/2014-0...sie-drops.html
Kiwi Slumps on Wheeler Comments; U.S. Dollar at Four-Year High
http://www.forexlive.com/blog/2014/0...the-past-week/
New Zealand dollar shorts were the best trade over the past week
http://www.mauldineconomics.com/fron...erging-markets
Wasn't that many years ago (even in this century) that we only got 40 cents for our buck
As the man said at the end of the article - It is indeed every central bank and country for itself, and that is a recipe for volatility and financial losses. If you think this story has a happy ending, you are not paying attention to history.
For those who love wedgies - one 30 plus years wedge breakout .... and all hell to break out around the world as a consequence as above linked article