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When the kiwi falls.
- Source :
- Metro (NZ); Dec2005, Issue 294, p102-102, 1p, 1 Color Photograph, 1 Chart
- Publication Year :
- 2005
-
Abstract
- The article reports that Japanese investors are hoovering up billions of dollars of investments known as Uridashi in New Zealand. To buy these bonds, investors have to purchase New Zealand dollars. A decline in the dollar is inevitable, but nobody knows when it will occur. One way investors can benefit from a currency correction without having to risk all in the foreign exchange or derivatives markets is to buy shares in companies on overseas markets. One such company is Software of Excellence, it will benefit considerably when the dollar does fall. In October, the dental software company reported that profits were being adversely affected by the strong kiwi dollar against the British pound and US dollar.
- Subjects :
- INVESTORS
BOND market
DEVALUATION of currency
INVESTMENTS
Subjects
Details
- Language :
- English
- ISSN :
- 01130668
- Issue :
- 294
- Database :
- Complementary Index
- Journal :
- Metro (NZ)
- Publication Type :
- Periodical
- Accession number :
- 19280769