Disliked{quote} They may want to keep the NZD lower which is good for growth Too strong currency hurts the economy specially export based one like NZ.Ignored
One last point I mentioned a couple of months ago re Oz. They have positioned themselves to be the biggest LNG producer in the world. Gas and oil prices are low now, reducing originally projected revenues. But the royalties from recently completed projects are only just starting to flow. They will add to the coffers. And as previous posted article mentioned, coal represents 10% of exports, and prices have taken a huge unexpected (short term) rise. There is a contentious, hotly contested project, well advanced in the planning stages, in Queensland, that IF it is completed, will be huge. The Adani mine, optimistically forecast to provide 5000 direct jobs, will reinvigorate the eastern seaboard of Queensland, with capital flows spreading throughout the region. New rail will be built, ports expanded, and indirect jobs provided. It will tap a virgin basin, the Galilee, with literally billions of tons of high quality coal. There are also several other large mines on the drawing board nearby in the basin. All longer term stuff, but the Federal and Queensland governments are pushing hard to roll the environmentalists and approve the projects. The Adani mine has just been granted "significant project" status, which by passes a lot of red tape.
Some of the above is longer term, some will have near term impacts. But IF things move positively, some positives should be priced in by markets before the cash goes into the till.
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....... have a gr8 weekend every1 
- a mega huge thnx 2 Davit 4 all his time & efforts help'n us all on this thread 
