sharetrader
Page 5 of 33 FirstFirst 12345678915 ... LastLast
Results 41 to 50 of 327

Thread: Nzd usd

  1. #41
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    728

    Default

    Quote Originally Posted by Daytr View Post
    Actually the Kiwi hit about 55c only a little over a year ago.
    Quite right, and even .5469 about 3 years ago, but a lot of water has flown under the bridge since then.
    NZ economy is on a surer footing, Covid and its related global uncertainty and economic lockdowns are behind us.
    What in the current stronger environment makes NZD merit venturing into the 5 year low ranges.
    In fact, if NZ gets its act together on India partnership and FTAs, we should be well above the long-term mean, and back in the .70s again

  2. #42
    Advanced Member Entrep's Avatar
    Join Date
    Mar 2008
    Posts
    1,930

    Default

    56c seems quite improbable. Hard to see it going under .585 / recent lows. Happy to hear other opinions though
    BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!

  3. #43
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    728

    Default

    Quote Originally Posted by Entrep View Post
    56c seems quite improbable. Hard to see it going under .585 / recent lows. Happy to hear other opinions though
    Kiwibank Chief Economist Jarrod Kerr sees it at 55c by Christmas 2023. He might want to review his Target Price up though, seeing that the ANZ World Commodity Price Index gained 1.3% in September (ANZ chief economist Sharon Zollner's note out today) after trending lower for the previous three months. The lift, although modest, was BROAD_BASED with ALL MAJOR SECTORS, except horticulture, lifting. https://watermarker.singletrack.io/A...Headers%3Dhost
    Last edited by beacon; 05-10-2023 at 03:42 PM. Reason: emphasis shown by CAPS characters

  4. #44
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    728

    Default

    The New Zealand economy has remained resilient in these uncertain times, with unemployment well below thelong-term average and the economy nearly 8 percent larger than before the start of the pandemic. The economyhas also benefited from growing exports, the return of tourists and international students and rising numbers ofskilled overseas workers to help businesses fill job vacancies. Free trade agreements now cover almost threequarters of New Zealand’s exports, up from less than half six years ago.New Zealand has a solid base as we face the challenges ahead...

    Straight from the horse's mouth. So, NO reason why we should be revisiting Covid lows (and multiple reasons to come, as to why we should already be on our way reverting to the long-term NZD:USD mean ... https://www.treasury.govt.nz/sites/d...fsgnz-2023.pdf

  5. #45
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    728

    Default

    Fonterra said it had raised its 2023/24 forecast farmgate milk price range to $6.50 - $8.00 per kgMS, with a new midpoint of $7.25 per kgMS, up 50 cents, reflecting better supply and demand dynamics.

    In addition, recent Global Dairy Trade auctions had shown better demand. Third rise in a row lifts farmers’ spirits... https://www.nzherald.co.nz/business/fonterra-ups-milk-price-forecast-to-725kg-midpoint/K7YSP7M4IZDVJENI7LFPK6SLEM/
    Last edited by beacon; 10-10-2023 at 05:10 AM. Reason: Additional Info added

  6. #46
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    728

    Default 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

  7. #47
    ****
    Join Date
    May 2013
    Location
    NZ
    Posts
    5,916

    Default

    So we could be in limbo for a week or two whilst negotiations are going on with Winston. Already priced in?

  8. #48
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    728

    Default Might gap up sharply on open if clean win

    Quote Originally Posted by Daytr View Post
    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

  9. #49
    Quiet Observer
    Join Date
    Jun 2005
    Location
    New Zealand.
    Posts
    402

    Default

    Quote Originally Posted by beacon View Post
    So, volatility in the near term if horse trading happens, but the long term is UP
    Curious....What do you mean by the "long term" beacon? When you look at the weekly price chart over the last 12 months, she's clearly been trending DOWN since Jan, to now be sitting on 12 mth lows.
    Success is a journey AND a destination!

  10. #50
    Advanced Member Valuegrowth's Avatar
    Join Date
    Jun 2013
    Posts
    2,165

    Default

    Fed could begin cutting interest rates in 2024. We should see gradual strenth in NZD from 2024 onwards.
    Quote Originally Posted by beacon View Post
    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

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •