New Zealand Dollar Versus USA Dollar

[brettdale]

Okay, Im not a currency trader, but a firend of the family is about to embark of an overseas trip next year, and is wondering should she buy some USA dollars now, or wait.

I see Key said it should hit 80 cents, that seems a tad high.

What would you guys do, but now or take the risk and buy early next year?.

[airedale]

The US$ index is still falling. I don't think that there any rush to buy $US right now.
http://quotes.ino.com/chart/?s=NYBOT_dx
People talk about the "strong" NZ$, and what should be done about it. The crux of the matter is the weak US$, and no one in NZ can do anything about that. John Key may yet be right about NZ.80 exchange rate.

[arco]

Longer term is always more difficult to judge, but shorter/Medium term it looks like the Kiwi may ease back. No position a yet, but I will be checking for reversal patterns in the grey box zones.

[Nevl]

Like the Blog Arco. I think that the Kiwi will stay round the 70 to 80c mark for the next 6 months. Kiwi and Aussie are two of the best performing western economies which will provide support. I Hope that the reserve bank however keeps our interest rates low and does not follow the RBA.

[brettdale]

Thanks for all the advice.

[dragonz]

Theres a strong more to move Oil to another currency with many other commoditys following suit (gold). When this happens the $US will be worth the paper its written on - another words next to nothing. $1AUS will be worth $1 US by years end with the $1NZ following suit by this time next year.