The New Zealand dollar has appreciated substantially over the past two months. 纽元在过去两个月大幅升值。
The Japanese currency soared more than 6 per cent against the New Zealand dollar and gained more than 2 per cent against the US dollar by late morning in New York. 纽约汇市早盘后段,日元对新西兰元(NZD)飙升了6%以上,对美元上涨了2%以上。
Fortunes depend on the vagaries of the volatile New Zealand dollar, although applications for 2008 have risen. 这两个行业的运气都取决于波动较大的新西兰元(NZD)汇率的表现,不过,2008年的入学申请人数已有所增加。
Carry trades, which involve selling holdings in a lower-yielding currency such as the yen and investing it in higher-yielding ones such as the New Zealand dollar, are also attractive. 套利交易也颇具吸引力。套利交易即投资者卖出持有的低收益率货币(如日元),投资于更高收益率的货币(如新西兰元(NZD))。
The then carry trade uses yen mainly, for the Japanese interest rate was very low at that time, and often targets the Australian dollar or New Zealand dollar. So, the question here is whoever was conducting carry trade? 当时进行套利交易的货币主要是日元,因为当时日元的利率很低,有很多套利交易的标的是澳大利亚元和新西兰元(NZD)。