Nzd usd

[beacon]

Slow, controlled growth is something the markets and the Fed are seeking in the current climate, negative growth is not
https://www.cnbc.com/2023/11/03/bad-...t-too-bad.html

Traders in fed funds futures reduced the probability for a December rate hike to less than 10% and now see the first cut coming as soon as May, according to CME Group tracking
NZD above 62c this month looking more and more likely...

[winner69]

Aussie raises rates and nzdusd collapses ….now .5920

That 62 even further away beacon

[kiora]

With more to go?

Otherwise exporters are done & dusted ?

[beacon]

Aussie raises rates and nzdusd collapses ….now .5920

A 1-2% move down is hardly a collapse. Interestingly, Aussie fell more (after raising rates) than NZD (which is in a pause, and winning with a pause).
It would have been more accurate, had you said, Aussie raises rates and audusd collapses. Raising rates didn't help the AUD. Lol

[beacon]

That 62 even further away beacon

That 62c would be where a lot of sleepy punters will wake up, and start buying. Human psychology is hilarious ...

[beacon]

Otherwise exporters are done & dusted ?

An exporter whose USP, competitive advantage or survival rests solely on a depreciating currency is heading towards being done and dusted anyway.

[Daytr]

My take on the NZD is based on which Central Bank looks to lower rates first.
Tbh, I don't have a strong view either way on that.

[beacon]

Inflation is no longer the only game in Town.

The variance suggests business leaders and forecasters believe the RBNZ will let inflation run hotter than what it’s signalling to deliver a “soft landing”.
https://www.nzherald.co.nz/business/reserve-banks-survey-of-inflation-expectations-heads-in-the-right-direction/DBWTNVVHMZDMTC6TNRGJHJ62IY/

[winner69]

An exporter whose USP, competitive advantage or survival rests solely on a depreciating currency is heading towards being done and dusted anyway.

Agree …as a nation we should be proud if we have a strong currency

To be proud it’s needs to be about 75/80 or higher

[beacon]

It was this consumption that manifested as growth in US Q3 data. But they'll eat into their savings now, if they keep consuming at Q3 rates - as Covid savings are depleting fast now, and real disposable income has been falling every month for the last three months.

2023 1109 US disposable Personal Income and savings down, Outlays up.JPG

US - a sand castle?