AUDNZD - Five Year Lows

[Daytr]

Well according to the radio this morning we did see a record high against the Aussie. My system says the low was 1.0342 & I thought we got about 10bps lower 2 nights ago? Anyway hardly moved. Have we now seen the highs? ;-)

[Daytr]

Could this fruit fly thing hurt the Kiwi? I they find more, its certainly possible.
Lets hope for our grower's sake its a rogue that has been found & there aren't others that can breed.

[Daytr]

US backing away from raising interest rates. Not sure what this means for the Aussie/Kiwi cross?
Both should strengthen you would think.
New highs last night I think.
Will we break 98c?

[Daytr]

Yep there Superfund policy is fantastic & is a huge boost to markets with an incredible amount of funds under management to invest.
So far the ASB guy has got it right, lets see if that was indeed a top. Its pulled back a little.
I'm out of the money & almost got stopped out last night, but survived & its looking a bit better now.

[Daytr]

Yeah you would think those tax receipts are going to decline from the dairy industry in particular.
No doubt they will sell of State Housing & make a book profit to get a surplus!

[Daytr]

Nice move last night, finally in the money! Maybe this ASB guy was onto something! Always loved the ASB ! LOL

[Daytr]

Yeah I can't see it either, but you never know I suppose. I would suggest they will be conservative.

[Daytr]

I jobbed my position out yesterday at 1.0425 as I want to reset lower, so trying to do that now. ;-)

[Daytr]

Hey Snapiti, when is Fonterra supposed to confirm that payout number?

In this case they have no choice but to be conservative

[Daytr]

Ahh see it was released today & maintained at $4.70 as expected.

I'm back in at a better level, so will now sit tight for a bit.
Just got an update from NAB with a view that the Aussie at 78c is fairly valued.
Interesting & in comparison to the Kiwi is it under valued?
I obviously think so. ;-)