Quote Originally Posted by FTG View Post
Curious....What do you mean by the "long term" beacon? When you look at the weekly price chart over the last 12 months, she's clearly been trending DOWN since Jan, to now be sitting on 12 mth lows.
Indeed she has, but what goes down comes up too, and vice versa - depending on changes in perception, fundamentals, technicals, comparisons with competing currency baskets etc. or a combination of two or more of these varied factors. No trend lasts forever, good or bad, and NZ economy merits no rational economic reason why NZD should be revisiting 5-year lows again, as some have predicted/ desire.

I have been signaling some of the changes happening in the ground reality for NZD in the recent past, and you already know the long-term core competencies of NZ as a nation. We punch above our economic weight in the world GDP for a reason, and that hasn't changed for the worse either. I expect NZD reversion to its long-term mean in the long term, and a rise above its long-term mean if our Government can do what is required to boost NZ trade relationships and Trade agreements with India. Hope this clarifies ...