Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

The revival of a dead dog??

The revival of a dead dog??

Old Oct 28th 2009, 5:33 pm
  #1  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,274
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default The revival of a dead dog??

Over 2.25 today!! Its gone up about 10 cents in 3 days. The kiwi is down to .73 agin the greenback. Will this be a shortlived rally? I read the other day that the pound could have some power returning to it and that it is still a strong currency even with the current gloom that hangs over the UK. Its the 2nd comment I have read suggesting this. I amazed at the rapid strength...what is driving it just now. Anyways it did not go to the 2 for 1 as Halo suggested and seemed to hold out at the 2.15 resistance fairly well although the low point was 2.12.

I really doubted it would go to 2 personally. The weakening kiwi is very good for us as a country and for anyone with any money to bring over..so hurrah.
Genesis is offline  
Old Oct 28th 2009, 9:28 pm
  #2  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,274
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: The revival of a dead dog??

Originally Posted by Genesis View Post
Over 2.25 today!! Its gone up about 10 cents in 3 days. The kiwi is down to .73 agin the greenback. Will this be a shortlived rally? I read the other day that the pound could have some power returning to it and that it is still a strong currency even with the current gloom that hangs over the UK. Its the 2nd comment I have read suggesting this. I amazed at the rapid strength...what is driving it just now. Anyways it did not go to the 2 for 1 as Halo suggested and seemed to hold out at the 2.15 resistance fairly well although the low point was 2.12.

I really doubted it would go to 2 personally. The weakening kiwi is very good for us as a country and for anyone with any money to bring over..so hurrah.
3hrs later its over 2.27!!! Maybe its something to do with the reserve bank leaving the OCR at the current rate and not raising it? Anyway whatever its good news for those who wish to buy kiwis.
Genesis is offline  
Old Oct 28th 2009, 9:31 pm
  #3  
MnB
 
MnB's Avatar
 
Joined: May 2009
Location: Welly UK to Welly NZ to Welly UK
Posts: 2,227
MnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond reputeMnB has a reputation beyond repute
Default Re: The revival of a dead dog??

Originally Posted by Genesis View Post
3hrs later its over 2.27!!! Maybe its something to do with the reserve bank leaving the OCR at the current rate and not raising it? Anyway whatever its good news for those who wish to buy kiwis.
Hope it keeps going in the right direction!
MnB is offline  
Old Oct 28th 2009, 9:51 pm
  #4  
Somewhere
 
BEVS's Avatar
 
Joined: Oct 2003
Location: Below
Posts: 34,885
BEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond repute
Default Re: The revival of a dead dog??

LOL Genesis. I thought the thread could be something to do with Halloween given the title.

I get a report each day from currencyonline dot com. which I've been binning without reading the things. Although I've skimmed a few of late for which I blame you. Maybe I'll bung a couple up here.

Anyone can subscribe to the reports for whichever currency they choose.
BEVS is offline  
Old Oct 29th 2009, 5:21 am
  #5  
BE Enthusiast
 
Joined: Mar 2008
Location: Kapiti Coast, Wellington
Posts: 704
MOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond repute
Default Re: The revival of a dead dog??

2.281 at the moment - onwards and upwards
MOSO is offline  
Old Oct 30th 2009, 8:42 pm
  #6  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,274
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: The revival of a dead dog??

Originally Posted by MOSO View Post
2.281 at the moment - onwards and upwards
2.2942!!!!!!!!!!!!!!!!!!!!!!!!!!!! Which is nice.
Genesis is offline  
Old Oct 31st 2009, 7:36 am
  #7  
Forum Regular
 
Newfies's Avatar
 
Joined: Aug 2008
Location: Mighty Waikato
Posts: 190
Newfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud ofNewfies has much to be proud of
Default Re: The revival of a dead dog??

2.299 currently Lets hope it continues to rise. fingers toes and everything else crossed
Newfies is offline  
Old Nov 5th 2009, 4:16 pm
  #8  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,274
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: The revival of a dead dog??

Originally Posted by Newfies View Post
2.299 currently Lets hope it continues to rise. fingers toes and everything else crossed


Its just gone over $2.30!!! Has the kiwi finally seen the err of its ways?

Will stop thinking ITS the reserve currency of the world rather than oil?

Have we seen the last of sub 2.20s for a while?? I bloody hope so!!!
Genesis is offline  
Old Nov 5th 2009, 4:53 pm
  #9  
Scorchy legs
 
Dewb09's Avatar
 
Joined: Jul 2009
Location: Kapiti coast
Posts: 2,069
Dewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond reputeDewb09 has a reputation beyond repute
Default Re: The revival of a dead dog??

Originally Posted by Genesis View Post
Its just gone over $2.30!!! Has the kiwi finally seen the err of its ways?

Will stop thinking ITS the reserve currency of the world rather than oil?

Have we seen the last of sub 2.20s for a while?? I bloody hope so!!!
Woo hoo been a while since 2.3
Has languished in the 2.1 and 2.2's for way too long

this is the start of something!

Dewb
Dewb09 is offline  
Old Nov 6th 2009, 12:01 am
  #10  
Somewhere
 
BEVS's Avatar
 
Joined: Oct 2003
Location: Below
Posts: 34,885
BEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond repute
Default Re: The revival of a dead dog??

Originally Posted by Genesis View Post
Its just gone over $2.30!!! Has the kiwi finally seen the err of its ways?
You are naughty as you've gone and got me hooked on watching it again.
BEVS is offline  
Old Nov 6th 2009, 12:38 am
  #11  
Cow on the Beach
 
Wooly_Cow's Avatar
 
Joined: Aug 2008
Location: Seatoun, Wellington
Posts: 699
Wooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond repute
Default Re: The revival of a dead dog??

Don't hold your breath. BNZ 'expert' warned that the fundamentals were still postive for the Kiwi dollar. He (or she) said they thought another push towards 2:1 by January 2010.

They also said house prices were on the way up too.

...then again ......'expert' or 'ex - spurt' - a former drip under pressure
Wooly_Cow is offline  
Old Nov 6th 2009, 1:03 am
  #12  
BE Enthusiast
 
jennifer45's Avatar
 
Joined: Mar 2007
Location: Nelson Bays/Abel Tasman NZ- my Utopia
Posts: 632
jennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond reputejennifer45 has a reputation beyond repute
Default Re: The revival of a dead dog??

From 'Money Mail'

Sterling's mini-recovery since early October suffered a considerable setback on the 23rd of the month, when UK GDP figures showed a shocking 0.4% drop for the third quarter, as against expectations for a 0.2% rise.

As this raised market expectations that the Bank of England would expand quantitative easing and put back the horizon for the first rate rise even further, the pound fell sharply.

When the Bank's MPC eventually did increase QE by £25bn on 5 November, the pound rallied a little, as markets were relieved that the prognosis on the economy wasn't so bad that a £50bn increase was passed.
The general weakness of sterling can be put down to a number of factors:

• The UK is emerging more weakly from the global recession than Europe and the US;

• The resulting low interest rate outlook - which was only clarified by weak inflation data for September;

• The Bank of England's surprise move on 6 August to throw an extra £50bn into its quantitative easing scheme, the revelation a fortnight later that Governor Mervyn King believed the UK economy needs more than that, and now the likelihood that more will be administered;

• The UK's poor fiscal position, with its large and growing public sector deficit. This was highlighted recently by the Government's decision to sell off £16bn in state assets. More recently, short-term developments have increased the pressure on the pound:

• A suspicion the Bank of England might cut the cash reserve rate paid to banks.

• The suspicion that the Bank of England and the Government want a weak pound in order to boost exports.

This fella King seems to think that printing more money is the way out.
Most ordinary folk ie. me know that if there is a surplus of something it loses it's value- so to keep the pound down, which it seems King and his cronies want, PRINT MORE!.



Anyway people, we're due to move into an unfurnished rental on the 12th and itlooks like it's going to remain unfurnished due to the 'unforseen and un-comunicated' leaving [abandoning] of our container on a dockside at a port somewhere along its journey to OZ.
Long long story won't bore you with it, save to say what with everything else [ie buyers from hell-/ the exchange rate, leaving most of money in UK/ cock-ups from pensions] this has just about scuppered MOH.
Trying to keep a positive outlook on everything at mo for both of us but becoming a tad difficult..

jennie

Last edited by jennifer45; Nov 6th 2009 at 1:07 am. Reason: atrocious spelling and grammar
jennifer45 is offline  
Old Nov 6th 2009, 1:10 am
  #13  
Cow on the Beach
 
Wooly_Cow's Avatar
 
Joined: Aug 2008
Location: Seatoun, Wellington
Posts: 699
Wooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond reputeWooly_Cow has a reputation beyond repute
Default Re: The revival of a dead dog??

After yesterdays announcement that the BoE is ‘only’ adding 25 billion to the QE programme, there seems to be a general belief that QE is coming to an end in the UK. This would match the end of fiscal stimulus programmes in other economies. How nations have coped during the down turn and how quickly they will come out of it has been majorly impacted by the interventions by the central banks. Once we see these winding their way out of the economies, there will be a clearer picture about which economies are best adapted to the new economic realities. 2010 will be a VERY interesting year
Wooly_Cow is offline  
Old Nov 6th 2009, 2:43 am
  #14  
Happy in Wellington
 
RobClubley's Avatar
 
Joined: Mar 2005
Location: Tawa, Wellington, Aotearoa
Posts: 2,283
RobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond reputeRobClubley has a reputation beyond repute
Default Re: The revival of a dead dog??

Nooo, I want to buy something from the UK next month. tell it to hold off a bit.
RobClubley is offline  
Old Nov 12th 2009, 5:25 am
  #15  
BE Enthusiast
 
Joined: Mar 2008
Location: Kapiti Coast, Wellington
Posts: 704
MOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond reputeMOSO has a reputation beyond repute
Default Re: The revival of a dead dog??

2.238 at the moment..... keep going
MOSO is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.