Forex Trading

[alankew]

Does anyone have any opinions on the future of the NZ$ versus AU$.I have a friend who is moving over here from NZ and want to get an idea of which way the exchange rate is trending.He is transferring about $400k over from the sale of one house in order to buy over here,Thanks for any info offered

 

[bvbfan]

Depends on time frame, but my opinion is the oonly support for NZD is the carry trade from Japan.

I think the New Zealand economy is in trouble and expect NZD to be a poor performer over next 12-24months.

I'd expect AUD to be back to 1.20 v NZD but it may not get there until later this year.