Originally Posted by
JBmurc
Parity AUD/NZD is going hurt all NZ to Aus exporters yet another kick to the guts for many in the sector reeling under mass inflation in costs operating in this country that one major advantage ... I worked for couple decades in a seasonal fishing operation that exported 90% of the catch to Aussie and we would see earnings movements each year in pricing directly to AUD/NZD ... from what I'm hearing NZ fisherman are very much following NZ Mining and O&G businesses ...
Upside will be great for the Major Aus Businesses that operate here as their AUD Profits will increases on higher NZD ... I'd like to know exactly how much of NZ spending heads Aussie Companies ..would be HUGE .... when you think all the major Banking , media ,foodstuffs,NZ sugar ,Glenbrook steel, Tiwai etc ...
Smart Kiwis will be making the most of the strong NZD on the back of high rates to get investment funds out and into AUD IMHO