There was a good article from an economist in The Press last Saturday. I'll see if I can dig it out of our recycling bin, but the message was what goes up, must come down. The chap said it would be unwise to invest in property at the moment because the market is at its peak and suggested that the Kiwi will come down with a decent bump, but not a big crash. While I'm sure that many people on the forum will welcome that in the long run, the fact that the Bank of England left UK interest rates alone yesterday means that the Kiwi will keep gaining against the Pound.
John Key (leader of the National Party, former currency broker) was on the radio this morning. He reckons the Kiwi will top out against the US dollar at over 80c before the end of July. Great news if you want to buy something cheap from the States........
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