FOREX TRADERS

[ultimatepick]

The pesky, stab me in the heart and twist the knife in my heart NZD

However, not all of the risks to growth are on the upside. The high level of the exchange rate is likely to continue to lead to difficult conditions for exporters in other sectors. We expect this to dampen growth in exchange rate sensitive components of exports, such as manufacturing and tourism. The high level of the exchange rate, together with the renewed strength in domestic demand, is likely to see further demand for imports. Weak export volume growth and solid import volume growth will both limit the upside to GDP growth during 2007. Given these developments we still expect GDP growth to be below trend during the next 12 months.

http://www.treasury.govt.nz/mei/mar07/

Lets hope the market realises that the high NZD is a no no for exports. But will they listen? No! because I am shorting it. Of course it will go up.