Quote Originally Posted by snapiti View Post
love your work winner......amazing how a bit of jaw boning from the RBNZ backed up by banking guru's self interest comments can turn rosie into a pile of muck so quickly.
Mean while our rate stands at 3.5% versus Aussie 2% our unemployment rate is better and the government books are far better than AUS
That might be the snapshot right now Snapiti, but markets project forward & the market is saying the picture going forward isn't so rosy & the RBNZ might narrow that interest rate differential. When you have a yield trade in play, there is a lot of fast money that is exposed to the ccy & some of the sharp depreciation will be flow out protecting capital & trying to beat the pack. So from that perspective we may have seen the worst & may well see a settling down after a very swift 8c move against the Aussie.