At the bottom right hand side of this Forex Factory link http://www.forexfactory.com/news.php are the "Central Bank Rates" or Swap.
It shows the AUD with a positive 2.5% rate.
I bought the AUD/NZD a while back, small position, but I am getting negative interest.
If I buy the AUD/NZD pair aren't I buying the AUD? Shouldn't I be getting positive interest instead of negative interest?
The answer is simple I'm sure but what am I missing?
Thanks for your assistance.
It shows the AUD with a positive 2.5% rate.
I bought the AUD/NZD a while back, small position, but I am getting negative interest.
If I buy the AUD/NZD pair aren't I buying the AUD? Shouldn't I be getting positive interest instead of negative interest?
The answer is simple I'm sure but what am I missing?
Thanks for your assistance.