(Bloomberg) -- The New Zealand dollar's 28 percent
gain versus the U.S. currency in the past 12 months has sparked
individual investors at CMC Markets New Zealand Ltd. to double
the number of bets on gains and losses, the trading house said.
``There's been a lot of interest since we started to see
these sharp moves higher, because they've been quite exciting and
dramatic,'' CMC's general manager Sargon Elias said in an
interview from Auckland. ``The weakness of the U.S. dollar and
the local factor of rising interest rates has been a double
whammy for investors.''
Read more at Bloomberg Currencies News
gain versus the U.S. currency in the past 12 months has sparked
individual investors at CMC Markets New Zealand Ltd. to double
the number of bets on gains and losses, the trading house said.
``There's been a lot of interest since we started to see
these sharp moves higher, because they've been quite exciting and
dramatic,'' CMC's general manager Sargon Elias said in an
interview from Auckland. ``The weakness of the U.S. dollar and
the local factor of rising interest rates has been a double
whammy for investors.''
Read more at Bloomberg Currencies News
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