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Originally Posted by beacon
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)
Ok currently .5907 , I think it goes lower yet , wait till we see the Govt books ahead of the election .
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Positive Surprises Emerging
IMF: Reserve Bank’s money printing improved the Government’s books - a little https://www.nzherald.co.nz/business/...EJPAWMSTTJJJQ/
"Don't fret! Inflation is going away," says Orr.
Last edited by beacon; 29-08-2023 at 12:37 PM.
Reason: Added RBNZ Governor quote
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Aiming for Surplus will beget a stronger NZD
Originally Posted by stoploss
Ok currently .5907 , I think it goes lower yet , wait till we see the Govt books ahead of the election .
$4 billion of budget cuts... would be banked to offset deficits... to keep debt under 30% of gross domestic product and return the Crown accounts to surplus... This money would not be available to be reallocated into new initiatives. https://www.interest.co.nz/public-policy/123988/finance-minister-grant-robertson-said-money-saved-would-help-offset-growing
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Govt opens the books - Not quite as gloomy as people expected
Originally Posted by stoploss
Ok currently .5907 , I think it goes lower yet , wait till we see the Govt books ahead of the election .
ANZ also concedes with a surprise that economic outlook has had a small upgrade...
https://www.goodreturns.co.nz/articl...or+12+Sep+2023
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