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To: Haim R. Branisteanu who wrote (72020)1/11/2010 3:15:27 AM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 74559
 
Yes, NZ has higher interest rates than the 0% that US$ pays me. So there is an arbitrage opportunity which can be perhaps offset with opposite currency trades so the arbitrageurs can enjoy the interest rate profits without exchange rate risk if they could find others willing to take the opposite trade.

Mqurice