Terms beginning with "N"

N

NET INTEREST RATE DIFFERENTIAL

The difference in interest rates from the countries of two different currencies. For example, if the spot next rate for the Euro is 3.25% and the spot/next rate in the US is 1.75%, the interest differential is 1.50% (3.25% - 1.75% = 1.50%).

NETTING

The method of settling under which only the differences in the traded currencies are settled at the close.

NEW ZEALAND DOLLAR (NZD)

is the currency of New Zealand. It also circulates in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is divided into 100 cents.It is normally written with the dollar sign $, or NZ$ to distinguish it from other dollar-denominated currencies. ** wikipedia

NONFARM PAYROLLS

A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number of paid U.S. workers of any business, excluding the following employees:

general government employees

private household employees

employees of nonprofit organizations that provide assistance to individuals

farm employees

This monthly report also includes estimates on the average work week and the average weekly earnings of all non-farm employees.