I'm not trading this week (exams) but noticed this in the Herald today
"The market's given the kiwi a boost since the Reserve Bank raised rates on Thursday - you've got to say it's been supportive for the currency," said Tim Kelleher, vice president of institutional banking and markets at Commonwealth Bank of Australia.
Weak retail sales data is expected today, and if the figures fall short of expectations, "the kiwi's going to get bashed," he said.
Interesting to see what happens , these guys always have strong opinions but only sometimes get it right.
Hi Belgarion,
i am expecting upward movement in both the aud and NZD,hopefully this pattern might morph into something
as i am going to trade the D leg oh and BTW Pete good luck for your exams this week
Peat, go short on NZD/USD due to China further tightening and falling property prices?
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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