You are here

Traders go 11,000 miles to exploit divergence in rates

With Greek turmoil deterring investors from betting on euro versus US$, more are selling kiwi to buy UK pound


CURRENCY traders are going to opposite ends of the earth to exploit the growing divergence in global interest rates.

With the turmoil in Greece deterring investors from betting on the euro versus the US dollar, more are selling New Zealand's currency to buy the UK pound in a...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to