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Not really.....businesses like stability of currency. Large currency fluctuations makes for expensive hedging if you are a large exporter like Fonterra. Small exporters normally don't hedge as it is too expensive so they ride the currency waves and it can make a big difference to their bottom...

I was suprised however to read that they think the Aussie is so stable. It may not have such a big range as the Kiwi but man it does seem to whipsaw.

Yea read this article too. I guess this is why it makes this currency so interesting for traders that use this thread. Plenty of swings. I have to agree though that the use of interest rates as a club to try and beat down inflation is becoming less effective and that is the dilemma for Bollard...

Got my flippers and goggles dude :cool: we'll be ok when da big one comes calling :D Even without a tsunami, you may be on the money with a short...

Maybe not a nail in the coffin but closing the differential between the rates I would think will be negative for the Kiwi. The A$/NZ$ crossrate moved strongly in favour of the A$ once the rate rise came through, however nobody really expected the Aussies to lift rates, so that move may have been...

Apologies for previous thread, thought you were asking about Bollard and his rates! Preoccupied with the kiwi dollar..........forgot about the aussies:confused:

Aussie rates up 25 basis points

Nobodies expecting a drop till end of year now, so the focus will likely be on his comments. I am expecting him to continue with the line that the there are inflationary pressures in the economy, CPI is still outside their band and there will be no decrease in the near future. Over the past...

Weekly chart of the NDX is not too pretty, past few weeks have looked like its topped out. Maybe get a put debit spread on the MNX.

Been using the paper trade platform to trial butterflies - yesterday placed a butterfly with puts on the SOX with a .15 debit limit when the mid was flipping between .15 - .20 cents. After sending the order the mid sat at .20 as the SOX headed down on the charts. 30 minutes or so later SOX...

I totally agree rates have peaked here, but I don't see them falling at least until end of 2006. Rates will stay put, inflation will be in the plus 3% area for a while yet, tourists will flock to our shores with pockets full of yen, yuan, Real$'s, sheckels and roubles, to drink our wine...

Maybe you are right....... Me on the other hand, I see and hear from stockbrokers and those in the property market that money is coming in good volume from Australia into the markets here. Now when you move money into another currency for speculative purposes you don't normally place it in non...

It is pretty much as I expected from him, and you know I think he is totally hamstrung right now. Oil prices are in effect doing the job for him in terms of taking money out of the pockets of low and middle income earners who drive local consumption, so this offsets benefits from tax cuts for...

Wow......... see those dumb kiwis just don't know how lucky they are :D Guess its a psychological thing for us down here. 2 years ago I bought a diesel wagon - fuel efficiency, clean emissions etc, and diesel at the time was around 60 cents a litre (plus some road taxes). Today its at $1.27...

This article just posted on NZ herald site http://www.nzherald.co.nz/section/story.cfm?c_id=3&ObjectID=10378928 Some points in here worth considering in terms of long term for the Kiwi$

Sure......if it breaks 60 cents then all bets are off and you are looking at 57-58 cents. Down at these levels inflation is going to hog the spotlight again, but it may hit the point where Bollard can do nothing but sit on his hands and keep quiet. At this level, if he raises rates to keep...

I think you are on a fair bet there. Hit its head on the 50 DMA. Seems to be reasonable support at 60 cents though.

http://www.nzherald.co.nz/section/story.cfm?c_id=3&ObjectID=10378810 Local traders picking the NZD may be nearing its high in this move.

See article below - Australia to pay of all their debt today. That economy just keeps chugging along... http://www.nzherald.co.nz/section/story.cfm?c_id=3&ObjectID=10378270

I have just started considering the RUT, as an addition to SPX & XEO trades. For the guys trading Iron Condors on the RUT, are you doing the put side of the Condor first and then completing the call leg once the RUT has moved up the channel?