Westpac offers foreign currency acounts, has anyone use these, how easy is it to access your money, and they give you an atm card, how could you withdraw usa cash out from a machine in newzealand?
With the US being downgraded (with FX markets closed) how will this impact the NZD/USD cross when markets open?
will it be more risk aversion or will people bail on the USD?
the nzd has posted a steep decline from 88 to 80 but this is only the first decline (wave A) of a 3 wave correction.
the price has grinded higher in a complex correction from 80 to just shy of 86 (wave B) and now it looks like its about to roll over in a wave C
target is around 77.80 , break of lower trendline should confirm a sharp fall.
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