Analyst says the kiwi/Aussie cross could go as low as 85c. With special audio feature.
ASB’s Tim Kelleher says Graeme Wheeler has “wasted a bullet” by cutting rates but not talking the currency down - with special audio feature.
Join NBR's Jason Walls and market analyst Sheldon Slabbert for this week’s rundown, on NBR Radio or on demand via MyNBR Radio.
The kiwi dollar has reached the peak of the volatile currency rollercoaster and now faces a gradual decline back to normal rates.
Australian employment jumps by 71,500 in February, beating the forecast in a Reuters survey of just 9000 and the biggest increase in more than 10 years.
As a result, investors eschewed risk-sensitive currencies such as the kiwi and Australian dollars.
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