Record Migration good for NZ, NZD
A record number of migrants is one factor that might keep interest rates higher for longer.
https://businessdesk.co.nz/article/economy/rise-in-migrants-may-help-keep-interest-rates-high?utm_source=nzh&utm_medium=referral&utm_campai gn=nzh-home
Might gap up sharply on open if clean win
Quote:
Originally Posted by
Daytr
So we could be in limbo for a week or two whilst negotiations are going on with Winston. Already priced in?
Definitely some element of that in NZD performance in the last three days, as NZD suffered more than most other currencies versus USD.
Also, USD benefitting as safe haven temporarily due to the raging Israel- Palestine War
So, volatility in the near term if horse trading happens, but the long term is UP :)