Nzd usd

[beacon]

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

Bull's eye Winner69. You nailed it finally, even if it was in sarcasm... Watch it get there if we can get our relationship with India going...
BTW kiora, India should also be good for many of our our exporters...

[beacon]

US Wage Inflation tempering despite continuing job growth

Data released recently has given further credence to the narrative that inflation is easing and the labour market is slowing (the cost of labour declined in the third quarter and October job additions have come in below expectations), boosting the scenario that the Fed is done with rate hikes.
https://www.goodreturns.co.nz/article/976522447/are-equity-markets-due-for-a-strong-finish-this-year.html

[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]

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

Scientists say climate change is driving heatwaves across the planet, toppling previous records with alarming frequency.

This year, factors driven by climate change have combined with those produced by the El Nino climate pattern, during which warmer surface waters in the eastern Pacific Ocean drive extreme weather around the world. The current hottest year on record is 2016 – another El Nino year.

The ongoing El Nino weather pattern is set to last until at least April, the World Meteorological Organization said on Wednesday.
https://www.aljazeera.com/news/2023/...n-125000-years

Thanks for this early warning, Winner69. This is a true short-term risk for NZD as well as many other global currencies, as no one will be spared. Expecting volatility ...

[kiora]

But good for bees & high UMF honey ?

[beacon]

But good for bees & high UMF honey ?

You mean, India or el Nino?

India - Yes, India will be great for Comvita, if they can get a leaf out of our Kiwifruit marketing in India. You ain't seen nothin' yet.
el Nino - I suspect not, but I'm no bee or honey or UMF expert

[beacon]

An El Niño climate pattern expected to spell a hot, dry summer for New Zealand’s north-east is looking to peak unusually late – meaning its mix of influences could linger on through next autumn.

Niwa meteorologist Ben Noll says the big climate driver might not reach its full strength until late January, in the thick of summer - while a “weather wildcard” could still leave the door partially open to tropical rainmakers finding their way down here over the warm season.

In New Zealand, El Niño tended to bring drier conditions in the north and east, wetter ones in the south and west - and westerlies prevailing generally everywhere.

Farmers in particularly exposed regions like Hawke’s Bay and Gisborne have long been preparing for the prospect of parched soils as warm westerlies begin to blow-dry away soil moisture.

https://www.nzherald.co.nz/nz/explai...D5QGFFLEHZPJM/

[winner69]

Deflation in China

[beacon]

US - a sand castle?

NZ Net debt 20.6% of GDP now, up from 18% in June 2023 quarter. https://www.treasury.govt.nz/system/...mths-sep23.pdf
US Govt. debt 121.6% of Nominal GDP in Jun 2023 quarter. https://www.ceicdata.com/en/indicato...o%20Jun%202023.