$Kiwi falling out of bed is really going to help exporters like ATM. Could we see the Kiwi test 60 cents U.S. over the next year ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
$Kiwi falling out of bed is really going to help exporters like ATM. Could we see the Kiwi test 60 cents U.S. over the next year ?
Excellent news for ATM - provided they don't keep too much product on NZ shelves. Also good news for SML - their south island supermarket supply excepted.
Our forecast performance is not where we expected it would be. While the numbers are not finalised, our margins were
less than we forecasted right across our global Ingredients and Consumer and Foodservice businesses."
WOW if we head down to there, that'll be a real shot in the arm for exporters and anyone with funds invested overseas.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
WOW if we head down to there, that'll be a real shot in the arm for exporters and anyone with funds invested overseas.
I totally agree. I was looking at the long term chart this morning for NZD/USD and you could easily see it reaching 62c. I think it might go lower than 60c. We forget in October 2000, it was 39c.
For what its worth, on the monthly chart, the 50 month MA is about to cross the 200 month MA. I have no idea what you call that but it looks bearish haha.
Originally Posted by Muppett
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