Nzd usd

[kiora]

With more to go?

Otherwise exporters are done & dusted ?

[beacon]

Otherwise exporters are done & dusted ?

An exporter whose USP, competitive advantage or survival rests solely on a depreciating currency is heading towards being done and dusted anyway.

[winner69]

An exporter whose USP, competitive advantage or survival rests solely on a depreciating currency is heading towards being done and dusted anyway.

Agree …as a nation we should be proud if we have a strong currency

To be proud it’s needs to be about 75/80 or higher

[beacon]

Aussie raises rates and nzdusd collapses ….now .5920

A 1-2% move down is hardly a collapse. Interestingly, Aussie fell more (after raising rates) than NZD (which is in a pause, and winning with a pause).
It would have been more accurate, had you said, Aussie raises rates and audusd collapses. Raising rates didn't help the AUD. Lol

[beacon]

That 62 even further away beacon

That 62c would be where a lot of sleepy punters will wake up, and start buying. Human psychology is hilarious ...

[Daytr]

My take on the NZD is based on which Central Bank looks to lower rates first.
Tbh, I don't have a strong view either way on that.

[beacon]

ANZ Business Outlook showing that business confidence jumped 21 points to +23 in October. The reading is the highest level since mid-2017, when National was the government.

2023 1109 NZ Business confidence and activity outlook rising.JPG


While inflation expectations didn’t fall, reported wage increases versus a year earlier dropped to 4.9% - that’s the lowest read since March 2022.

[winner69]

Optimism always high when Nats rule the roost

[beacon]

... reported wage increases versus a year earlier dropped to 4.9% - that’s the lowest read since March 2022.

BNZ head of research Stephen Toplis says movement in the labour market is nothing short of startling. “Businesses have rapidly moved from not being able to find staff, for love nor money, to having choice in who they hire.”

This is best seen in NZIER’s QSBO which shows the ease of finding skilled labour improving markedly and labour turnover tumbling. Both of these variables are key indicators for future wage inflation. This, plus feedback from businesses, convinces us that wage inflation has well and truly peaked, Toplis says.
https://tmmonline.nz/article/9765225...ts+will+start+

[beacon]

Adding to the OCR [cuts next year] expectation, high interest rates have also depressed consumer spending – down 3.7% over the past three quarters and falling.
https://tmmonline.nz/article/9765225...ts+will+start+