Trade GBP/NZD with Fondex
Thinking of trading GBP/NZD?
- 1. Powder milk is one of the top exports to China. Accordingly, any move in the Chinese economy, like GDP growth or slowing, is very significant to the pair's direction, as when the demand for New Zealand products go up, the milk price will also increase, which will boost the NZD against its rivals. You should definitely get involved with this pair if you are a trader that follows the Chinese currency and events. 2. The physical proximity and close trading relationship with Australia make of this a potential correlation with the AUD pairs. Therefore, those who are already trading the AUD could also double their exposure with the GBP/NZD, also If you follow fundamental analysts and events such as the Dairy Index and Tourism you should definitely get involved with this pair.
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