NZD is incredibly strong against the USD, even with the our large debt and potential dairy subsidies disaster.
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NZD is incredibly strong against the USD, even with the our large debt and potential dairy subsidies disaster.
Anyone know how high the NZD will go?
It just doesnt make sense for the NZD to be so strong. Can be detrimental to the NZ economy if it continues to climb.
there is a possibility around the 50 % fib level which is where wave A = C
got divergence on rsi as well which should mean a top is close but you would have to say no sign of it at the moment.
http://iforce.co.nz/i/durzina1.jpg
mary holm doesnt think anybody knows.
http://www.nzherald.co.nz/business/n...ectid=10575353
Of all the financial forecasts - on interest rates or the prices of shares, bonds, currency rates or even classic cars - perhaps the toughest to predict are foreign exchange rates
I am wondering if the NZD is subject to manipulation?
For a large hedge, it wouldnt take much to push the NZD up and down. I recall this is waht Soros did to the SE Asian currency back in pre 1997 crash.
Dr Who
http://www.rbnz.govt.nz/research/bul...007sep70_3.pdf
The first third of that article is a profile of the NZ forex market.
"In 2006 transaction volumes had increased to over 5.5 billion per day. "
NZD dollar shot straight back up again.
Took no notice of the RB or the MPs hot air.