Todays graph 53.2 euros / 56.2 US
Some time ago we were at .9 US and Aussie at parity with US, an anomoly. The main driving force our interest rate used to be higher compared to US and we aren't a loco economy.
The interest rate plus a cyclical commodity boom.
NZ economy is service and trading partners are manufacturing..nah we don't need that. Yet the fallen Kiwi Aussie value is evidence of the real value of the economies.
Everyone started playing the Japanese low interest rate printing stimulus to create more spending, not a real fix.
Be interesting to see what happens when ICE removes the low cost workers. You will be trading amongst yourself. I don't see what a short term tariff gains.
Trump can grumble about EU not buying US cars. Actually the BMW plant those models sell in EU. But China has taken over. Son is working on a geothermal project and gets a company ute from another company. Its Chinese and its ok . Hard thing for a Hilux man to say.
We will be soon buying more stuff likely from Vietnam, who would have thought but the competitive advantage of quality has gone.
Some time ago we were at .9 US and Aussie at parity with US, an anomoly. The main driving force our interest rate used to be higher compared to US and we aren't a loco economy.
The interest rate plus a cyclical commodity boom.
NZ economy is service and trading partners are manufacturing..nah we don't need that. Yet the fallen Kiwi Aussie value is evidence of the real value of the economies.
Everyone started playing the Japanese low interest rate printing stimulus to create more spending, not a real fix.
Be interesting to see what happens when ICE removes the low cost workers. You will be trading amongst yourself. I don't see what a short term tariff gains.
Trump can grumble about EU not buying US cars. Actually the BMW plant those models sell in EU. But China has taken over. Son is working on a geothermal project and gets a company ute from another company. Its Chinese and its ok . Hard thing for a Hilux man to say.
We will be soon buying more stuff likely from Vietnam, who would have thought but the competitive advantage of quality has gone.
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