kiwi trader

Dollar Trading Well after New Zealand Cuts Rates

NZD is a rate game for the japs , they seem to be moving over to AUDJPY. We need a decent 500+ point fall on the dow for the carry trade to really cover, a major us bank going would do it.

all countries with current account deficiets will try to devalue there currency as much as possible (in a steady way) to export there way out of this mess.

if all central banks keep cutting like the RBNZ it then becomes a relative economic news play.

I can see the RBNZ cutting 200 points at least to even get to neutral and if we start see major mortgagee (foreclosure Sales) in domestic market maybe in 50 point cust.

what right have the US to try and devalue their currency to get out of this mess.... inflation is almost solely food and energy based right now.

try getting a raise from your employee!