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The NZ$ hit a 5 year low of 54 US cents overnight

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Uploaded by on Oct 27, 2008

Welcome to our morning briefing 90 at 9
I'm Bernard Hickey from interest.co.nz
The NZ$ hit a 5 year low of 54 US cents overnight
The strong Japanese Yen is a major factor
NZ has borrowed heavily from Japanese investors
We have NZ$7.3 bln of Uridashi bonds maturing
More pressure down on NZ dollar in coming months
Good news for exporters


Although commodity prices are falling
Bad news for importers and retailers
Higher import prices and lower consumer demand
Meanwhile, an ASB survey has found term deposits
are the most popular investment now for the first time
Surpassing rental property as most popular
Not surprising given property slump, flight to quality
I'm Bernard Hickey for interest.co.nz with 90 at 9

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  • i am watching NZD/JPY and its been soooo close to 50 many times, but just not quite getting there... yet(?)

  • we are in the same boat :( damn the AUD

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