Nzd usd

**stoploss** · 28-08-2023, 09:05 AM

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 .

**beacon** · 29-08-2023, 12:13 PM

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.

**beacon** · 29-08-2023, 01:08 PM

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