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.

« Free audit insurance a first: BrokerageDirectors plead guilty »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

www.GoodReturns.co.nz

© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved