Nzd usd

[Daytr]

Agreed about the chart, and that it will primarily be a USD move. But US is a net importer so the balance of payments each month is against them too.

A weaker domestic currency stimulates exports and makes imports more expensive. This can suppress import demand, and can be disinflationary.

A strong domestic currency hinders exports and makes imports cheaper. This can boost import demand, can be inflationary, aggravate BoP, and deficits.

Yes all that is true, it's just a matter of picking when. Biden's war on shale oil should mean over time US oil production will curtail which will also tip that BoP equation.

[blackcap]

Yes all that is true, it's just a matter of picking when. Biden's war on shale oil should mean over time US oil production will curtail which will also tip that BoP equation.

Lets go Brandon!

Not really sure if he will be there come November 24.