Normally when I buy the NZD I get a positive swap rate, obviously due to the interest rate differential. But when I buy the NZD against the AUD (selling AUDNZD) I get a negative swap rate. Why is this?
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DislikedNormally when I buy the NZD I get a positive swap rate, obviously due to the interest rate differential. But when I buy the NZD against the AUD (selling AUDNZD) I get a negative swap rate. Why is this?Ignored
DislikedNormally when I buy the NZD I get a positive swap rate, obviously due to the interest rate differential. But when I buy the NZD against the AUD (selling AUDNZD) I get a negative swap rate. Why is this?Ignored