How to play a rising Kiwi

It may be all doom and gloom for most Western currencies, but on the other side of the world, one currency is belting along – the New Zealand dollar. Tim Bennett explains the best way to play it.

It may be all doom and gloom here for the pound after the latest jobs and housing data did little to lighten the economic mood. But on the other side of the world, one currency is belting along the New Zealand dollar. But is this the right time to hitch a ride and if so how?

The New Zealand dollar (AKA the 'kiwi' to a forex trader) has been storming up against a range of currencies recently. But against one in particular the US dollar it has gone stratospheric.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.