NZ migration is up, OCR hikes are almost done, all sub 3%-4% mortgages will refix in the next 12 months, all bad news (lower milk prices, China issues, War, supply chain issues etc.) is out, and NZD has become oversold. Meanwhile, NZ exporters are benefitting, NZ is inching towards the next biggest market (for decades to come) India, and NZ election will soon be over.

Regardless of electoral outcome, NZ will remain an oasis of relative financial, social and political stability, and remain coveted by visitors and migrants for its inherent geological and perceptual advantages. Time to load up on NZD, I think... against a basket of currencies, and especially USD (which has benefitted greatly from the Fed Funds rate falls, and rises as well as global flight to safety since Covid)