Worst case? It wont go below 50c against the US Dollar??
Maybe in the 59-62 cent range?
Printable View
Worst case? It wont go below 50c against the US Dollar??
Maybe in the 59-62 cent range?
wow, seriously!? I would be pretty surprised that low!
Just how much FX savvy is there in the Coalition Finance team ...
I can't see it plummeting. Economies perform despite the govt, not because of it. I predict a gentle tizzy at most. This is by no means on the same scale a BREXIT or similar, although it might feel like that to some :-)
well I think it will go to 68 US cents at least and maybe 65 at worst, but probably not that low.
You young turks need to go back to when Winnie was Treasurer - he managed to talk it down by a material number (trying to find a chart that'll show 1996)
here ya go
Attachment 9249
That was the US "strong dollar" era, when the US were heavily touting the benefits of their own strong dollar (despite behaving in a way at the time, that should have seen their $ hammered). That trend was little to do with Winston, and a lot to do with US policy and rhetoric at the time.
Disc: Not as young as I would like ....
Eventually, NZ dollar should fall below 50C in its next cycle. It could happen in 2018/19. It is due for fall after staying strong for a long period. In the current cycle already it topped and has started its down trend. Once it recorded low of 0.39 in October of 2000.
With a new growth orientated RB Governor probably with ‘managing’ unemployment as part of the new manadate along with Kiwibuild building zillions of new houses surely the consequences of this will inevitably lead to a rising currency
And has any government / RBNZ efforts to ‘lower’ the exchange rate ever worked in NZ, except straight out devaluation?