Re: Will the reserve bank intervene?
Originally Posted by Charismatic
(Post 9428733)
How do they manipulate the value? If they issue new currency (directly or through interest rates) they will drive up inflation. Do they buy precious metals.
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Re: Will the reserve bank intervene?
Originally Posted by Genesis
(Post 9428753)
The reserve bank can influence the kiwi's value by selling their kiwi $s they have in their account and buying another currency. This floods the market place (to a degree) with kiwis and lowers the value.
The UK govt thought they were big enough to move the market. They lost that bet. |
Re: Will the reserve bank intervene?
Originally Posted by Genesis
(Post 9428655)
The Dow has fallen below 12000. This will have an impact upon the kiwi I have read. It has already seen some weakness today and is just teetering on 1.99.
Maybe it is worth a little wait? And bubbles burst do they not? |
Re: Will the reserve bank intervene?
Originally Posted by bourbon-biscuit
(Post 9428800)
I'm holding out as long as we can! We *MUST* get it over here by about a fortnight's time though .... everything crossed .... there's a leaky roof and a dishwasher at stake!
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Re: Will the reserve bank intervene?
So in laymans terms... if the NZX takes a big hit due to todays earthquakes, how come the currency hasn't?
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Re: Will the reserve bank intervene?
Up from 1.96 to 2.004 now...
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Re: Will the reserve bank intervene?
Originally Posted by simonmarkellis
(Post 9428881)
So in laymans terms... if the NZX takes a big hit due to todays earthquakes, how come the currency hasn't?
Apparently Alan Bollard just talking about the NZ OCR rate going up around xmas time 2011 pushed it even higher towards the end of last week. What is for certain is that these are uncertain times. We are just as likely to see 2.15 next week as we are 1.85. And as people say those bubbles can burst at any time. |
Re: Will the reserve bank intervene?
Originally Posted by rick78
(Post 9429014)
Up from 1.96 to 2.004 now...
I think that shows that trends regarding currency are simply not trends. It is up and down like I have said before. If it was a trend there would be no end to it and the above forecast would not have been made. Not good news for those who need kiwi 4's in the near future but better news for those who need it in 12 months time. Exports are set to soar when the kiwi finally gets back to reality in the value department. |
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