Concur ... NZD hasn't anyplace to go except down. BTW the GDT auction prices are an indication of the future as most of the supply is locked up in longer term contracts. Hence NZD dollar fall will be steady.
Oddly enough, while Wheeler rabbits on about how high our NZD is, without his I-rate increases, the NZD fall could have been sudden and vicious.
I agree with you. Fall of NZD is imminent. During next 10 quarters it will drop sharply and will readjust to real value again.
Originally Posted by belgarion
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