Dollar may hit US90c
The Kiwi dollar may hit US90c before the end of the year, putting even more pressure on exporters.
Tuesday, February 5th 2013, 10:34AM
BNZ chief economist Tony Alexander expects the dollar to continue to rise from its current US84.5c as the Reserve Bank gets closer to raising the official cash rate.
RBNZ governor Graeme Wheeler must balance exporters’ calls to lower the OCR to weaken the currency against concerns about the firing housing market.
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