Tips on Forex Trading in New Zealand

Wednesday, March 2, 2011
New Zealand is an industrialized country and is fast growing into an international competitive market economy. Its Gross Domestic Product (GDP) has grown from US$97.39 billion in 2005 to US$119.549 billion in 2010. This rapid growth has boosted income and led to technological advancements. This can be seen from the fact that the nation’s per capita income stood at US$31,067 in 2010.New Zealand is a country rich in agricultural resources and a majority of its income comes from trading such resources. In fact, the agriculture sector accounts for 20% of its GDP. New Zealand’s major trading partners are Australia, China, Japan and the USA.Forex Trading in New Zealand: An OverviewThe Reserve Bank of New Zealand (RBNZ) is the country's central bank. Its policies are driven to maintain...

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