IN FOCUS: ‘Overvalued’ kiwi dollar here to stay
An analyst says the kiwi dollar is likely to remain higher than 70c against the US until at least the end of the year.
The already high New Zealand dollar is likely to stay elevated for the rest of 2016 as the Reserve Bank will shift its attention away from the overvalued currency and toward housing, an analyst says.
TD Securities chief Asia-Pacific macroeconomic strategist Annette Beacher says unless the Reserve
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Jason Walls
Mon, 18 Jul 2016
Mon, 18 Jul 2016
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IN FOCUS: ‘Overvalued’ kiwi dollar here to stay
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