Wednesday, July 25, 2007

Like A Stone

Over the last hour, the Kiwi dollar has dropped half a cent against the greenback. (graph stolen from National Bank)

Exchange Rate Graphs

NZD/USD (US Dollar)

Intraday Data

Could it be that Bollard is going to leave rates where they are? Or even reduce them?


Shout Above The Noise said...

Going up again.... !

Gooner said...

I agree with SATN.

His sole brief is to control inflation and not worry about exporters or house prices. They're going up.

Ashley Clarkson said...

It could be a correction to an over-reaction, as the market settles at the market value of the $NZ

Shout Above The Noise said...

BTW Adolf, I found you comment about Roger Nome on Insolent Prick's "Peak Oil For Dummies" posting highly amusing ! [and true]