Star of the show for me was AU. squeezed 100 pips from that.. whilst sleeping. The best kind of win lol.
Interesting my hunch about AN was correct (although took some heat, you guys certainly had me doubting lol). nzrugby was right also, waiting for the dairy auction a few days ago would've been much more wise. However, I do wonder what Wheeler / Key are scheming.
Recent inflation expectations for NZ came in at 1.8%. They have a lot of room to drop rates after that print. Next meeting is in march I think? Pure speculation though.
It might be just a small relief rally and back we head toward parity.
I constantly hear US treasurer Mr. Lews comments in the breeze. "We will strike back" in relation to certain CBs debasing currency via easing. The last time the empire struck back there was an intergalactic war.
China flash PMI seems to have given AU a little kick too today.
Price at posting:
1.3283 Sentiment: Sell Disclosure: Held
