negative carry pair
A set of two currencies that, when held overnight or longer, result in the costs of maintaining the position being higher than the gains. For example, if Euro interest rates are below New Zealand rates, then EUR/NZD will be a negative carry pair since Funds are paid away whenever a long position is rolled over, irrespective of whether the EUR/NZD forex rate rises or falls.
Browse by Subjects
American Depositary Receipt
foreign currency account
VAT office
end of day order