The markets in a particular country don't have to be open for that currency to be traded.
Originally Posted by Kiwi Candles
Think of the markets like a bank... If a bank in Wellington is open at 8am on Monday I can walk in and trade my USD for Euros, even though the banks in the US and EU are still closed. That NZ bank has USD and Euros on hand, so I can do my trade.
The forex market works the same way. There are banks in NZ that are open to do the trades, so the forex market is up and running!
"The market is weird. Every time one guy sells, another one buys, and they both think they're smart." Ancient Trading Proverb...
To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.