DislikedThe problem with NZD being strong and almost like a reserve currency is that it hurts the economy because then the goods and services and everything becomes expensive. I was there in april and I witnessed it first hand. Blew way more money than I thought I would when there as NZD and AUD are the same in that sense. NZD willl just need to find a balance against USD and for time being it is just chasing yield so there will come a time when you might see some intervention and that will likely be after the data numbers suffer for a while.Ignored
Totally agree with you... with a high dollar our tourism will start getting burnt. We're just in the start of our winter , which is our snow season, so it will be interesting to get feed back during the season in regards to overseas tourist numbers.