Nzd usd

[Daytr]

Don’t forget about El Niño ….last real powerful El Niño was 1997/98 …the 2015/16 was a relatively mild event

NZD went below USD40 cents following that 97/98 El Niño

I'm not sure if you are having a laugh or being serious?
Nothing to do with the Asian Financial Crisis at the time then?

Mind you I have seen predictions of droughts for this summer which certainly won't make it any easier on the Dairy farmers if that does eventuate.

[winner69]

I'm not sure if you are having a laugh or being serious?
Nothing to do with the Asian Financial Crisis at the time then?

Mind you I have seen predictions of droughts for this summer which certainly won't make it any easier on the Dairy farmers if that does eventuate.

El Niño in 97/98 caused one long widespread drought and put NZ into a (deep) recession ……tough times they were with not only rural sector affected