The Kiwi Dollar has surged overnight and reached breaking new highs against the British Pound and US Dollar.
The Kiwi Dollar has surged overnight and reached breaking new highs against the British Pound and US Dollar.
Velocity Trade today announces the appointment of Sargon Elias as General Manager for its new New Zealand operations.
Velocity Trade, a global foreign exchange dealer, has acquired Auckland-based Latitude FX to increase its global presence, and provide a platform for further expansion in the region.
Trading foreign exchange is big business, and local firm Latitude FX has boosted its operation by partnering up with a US-based Forex giant, Gain Capital. Latitude FX chief executive Mark Olley chats to TV3's Michael Wilson about the deal.
It is not what our exporters will want to hear, but the New Zealand dollar has gained more ground - hitting 41 pence overnight against the pound.
There was a huge rise in the kiwi dollar last week against the US currency. It's now just below the 56 US cent mark. Many had been expecting our dollar to plunge as low as 45 US cents.
The kiwi dollar has kicked back up over the 50 US cent mark this morning. Jim Devonport chief currency analyst for Latitude FX discusses the outlook for our currency.
The dollar has opened higher, surging above $US0.6900 after official US interest rates were slashed to a record low this morning (AEDT).
With property coming off the boil, foreign exchange trading is being touted as the next best way to quick capital gains.