TBH I dont think you can take that sort of prediction (John Key)seriously - especially not from a traders perspective. its more like an economists prediction which may work for companies putting a hedging programme in place but wont work for traders unless they have very deep pockets (soon to be emptied).
Also, he really should keep his trap shut on these matters now that he is PM. Its so wrong for him to be jawboning the markets

ABN Amro suggested in their December newsletter that the Kiwi might go to 48 in 2009 but thought it wouldnt go much lower than that. But yeh this is not useable information for me.