Nzd usd

[winner69]

My view is the economic reality of the dairy payout & higher interest rates are still to play out. Again though it may have nothing much to do with the outlook for NZ if the USD turns which it will at some point.

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

[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]

Deflation in China

We ARE... gearing up to deal with our overdependence on China, so our economy, currency and prosperity are not held to ransom by what happens in China, or what China does or does not do.
Politicians from New Zealand's two main parties were either doubling down on promises already released or repeating the bold ones already made at the India Business Summit in Auckland [last week] ...
https://businessdesk.co.nz/article/o...paign=nzh-home

[FTG]

...."and in other news, (also from the Crown, Sep 30, accounts) Govt. net debt was a massive $5.6B higher than 'forecasted' just 2 months ago, at the Sept 12 PREFU".

A few more fiscal skeletons to come out of the closet over the next few weeks & months? If so, those who are long on the kiwi should probably be aware, very aware.