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  1. #1
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    Default How low does the dollar go?

    Worst case? It wont go below 50c against the US Dollar??

    Maybe in the 59-62 cent range?

  2. #2
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    wow, seriously!? I would be pretty surprised that low!

  3. #3
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    Quote Originally Posted by Entrep View Post
    wow, seriously!? I would be pretty surprised that low!
    that figure was worst case stuff.

    Hoping it doesnt drop below 60c usa. A real weak dollar would be horrible.

  4. #4
    Ignorant. Just ignorant.
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    Quote Originally Posted by brettdale View Post
    that figure was worst case stuff.

    Hoping it doesnt drop below 60c usa. A real weak dollar would be horrible.
    Given what happened with the GBP and the FTSE after the Brexit referendum, it might just be time to go shopping!

  5. #5
    Senior Member Toulouse - Luzern's Avatar
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    Just how much FX savvy is there in the Coalition Finance team ...

  6. #6
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    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 :-)

  7. #7
    Guru peat's Avatar
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    well I think it will go to 68 US cents at least and maybe 65 at worst, but probably not that low.
    For clarity, nothing I say is advice....

  8. #8
    Kanga ru Xerof's Avatar
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    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)

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    Guru peat's Avatar
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    Quote Originally Posted by Xerof View Post
    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
    NZDLT.JPG
    For clarity, nothing I say is advice....

  10. #10
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    Quote Originally Posted by peat View Post
    well I think it will go to 68 US cents at least and maybe 65 at worst, but probably not that low.
    That would be a good start

  11. #11
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    Quote Originally Posted by Xerof View Post
    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)
    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 ....
    Last edited by cyclist; 20-10-2017 at 11:57 AM.

  12. #12
    Senior Member Valuegrowth's Avatar
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    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.

  13. #13
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    Quote Originally Posted by MARKETWINNER View Post
    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.
    It could fall that quickly?

    Below 50c in 2018?? Your taking the mikey? right??

    Im a pessimist, but I dont see it getting below 50c, that fast.
    Last edited by brettdale; 21-10-2017 at 10:49 AM.

  14. #14
    An Awesome Cool Cat winner69's Avatar
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    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?
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  15. #15

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