AUDNZD - Five Year Lows

[BFG]

NZD smashed down a cent today as Australian inflation meets targets of nearly 2% vs NZ's near deflation. RBA may think again about cutting rates, while RBNZ may have no choice if this continues...

[Hoop]

[winner69]

Where to from here then Hoop

[Xerof]

It should retest the flag breakout levels again, but they most likely hold for a reversal

[BFG]

RBA just cut rates:

http://www.businessinsider.com.au/au...s-rates-2015-2

While the Kiwi is now tanking vs all major currencies, bar the AUD of course, this may force Wheeler's hand in also resorting to cuts to the OCR (and may be seen as the perfect chance by him to keep intervening here...)

[Joshuatree]

Saw the kiwi leap from re 93.5 to 94.1c just now ; thought it may have been dairy prices jumping.

[winner69]

Gee that Stevens guy isvavwimp

I was on Roubini's side ....no cut when not necessary

[stoploss]

Gee that Stevens guy isvavwimp

I was on Roubini's side ....no cut when not necessary

Why is he a wimp ? There were only 7/29 economists picking this for today , so he was bold to go against the majority ...... IMHO he is still behind the curve , should have gone 50 bps .

[winner69]

Why is he a wimp ? There were only 7/29 economists picking this for today , so he was bold to go against the majority ...... IMHO he is still behind the curve , should have gone 50 bps .

Traders got it right eh, they be happy.

Last year some time 100% of economists / commentators called unemployment to go down ....it went up.

[winner69]

RBA just cut rates:

http://www.businessinsider.com.au/au...s-rates-2015-2

While the Kiwi is now tanking vs all major currencies, bar the AUD of course, this may force Wheeler's hand in also resorting to cuts to the OCR (and may be seen as the perfect chance by him to keep intervening here...)

Hope Wheeler is astute enough to look through the my short term myopic view of most commentators to see that in the medium term inflationary pressures still exist and not make cuts. He shouldn't haven't teased the punters by saying either up or down, most only listen to what they want to hear