(Reuters) - Japanese day traders and other individual traders nearly
doubled their bets on a stronger New Zealand dollar on Monday
after the selling by the Reserve Bank of New Zealand in its first
intervention since the NZ dollar was allowed to trade freely in
1985.
Data from the Tokyo Financial Exchange showed that Japanese
margin traders -- who use borrowed funds to boost the size of
their bets -- raised their positions in the New Zealand dollar to
$347 million from $180 million the previous day.
Read more at Reuters.com Bonds News
doubled their bets on a stronger New Zealand dollar on Monday
after the selling by the Reserve Bank of New Zealand in its first
intervention since the NZ dollar was allowed to trade freely in
1985.
Data from the Tokyo Financial Exchange showed that Japanese
margin traders -- who use borrowed funds to boost the size of
their bets -- raised their positions in the New Zealand dollar to
$347 million from $180 million the previous day.
Read more at Reuters.com Bonds News
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