- December 3, 2023
- Posted by: legaleseblogger
- Category: Related News
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Effect of Election Result on Exchange Rate and When to Transfer Money to the US
I am not sure if this is the appropriate platform to seek advice, but I am in need of transferring a significant amount of money to the United States before the end of this month. Consequently, I have been contemplating the potential impact of the upcoming election results on the exchange rate. I am uncertain whether it would be more advantageous to initiate the transfer now or to wait until after the election. Can AI Legalese Decoder provide insights into the potential effects of the election outcome on the exchange rate and offer guidance on the optimal timing for transferring funds to the US?
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****** just grabbed a
The NZ CPI data comes out for the September quarter on October 17th. The FOMC meeting happens at the end of the month in the US, these probably will have more of an affect on the exchange rate than the election.
People are pricing in a interest rate hike for the US as JPow has already indicated there is one more to come, while not expecting the RBNZ to increase any further this year. If the NZ CPI data comes better than the forecasted 5.8% then the US dollar will get stronger.
Take that information and do as you wish.
Alot can happen in a month.
You might get lucky and get an order filled around 0.6000-0.6050. Can’t see it going much higher than that.