this post was submitted on 14 Jun 2023
32 points (100.0% liked)

Aotearoa / New Zealand

1669 readers
18 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Dave 1 points 2 years ago (1 children)

It isn't, unless you compare against USD. But USD is falling against many other currencies so I'd say it's the USD getting weaker rather than NZD getting stronger.

[–] BalpeenHammer 2 points 2 years ago (1 children)

The US economy is rebounding so why is their currency going down?

[–] Dave 1 points 2 years ago

I'm not sure, but it might be to do with the Federal Reserve indicating they will add another 50bp to rates by the end of the year. But I'm no expect, I just looked at a currency graph to check USD against some major currencies.