“The Australian dollar is being marked down by association with the New Zealand dollar.”
“The Australian dollar has been dragged down by the New Zealand dollar. Both currencies may well go through several months of under-performance.”
“When George Bernard Shaw visited New Zealand a reporter asked him his impression of the place and, after a pause, Shaw is said to have replied: "Altogether too many sheep”
George Bernard Shaw
“New Zealand was colonized initially by those Australians who had the initiative to escape”
“Looking back, it is understandable why the Australian and New Zealand currencies peaked in early 2005. That was about the same time that the demand for crude oil also started to moderate.”
“This hasn't changed our view that the New Zealand dollar is in a serial decline. The currency is on a depreciation cycle, regardless of whether interest rates go down or not.”
“We are viewing the result as negative for bonds and the New Zealand dollar. The lack of a decisive result adds an additional layer of political uncertainty.”
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