From an exporter's point of view, the New Zealand dollar has started going for broke.
Sunday, September 28th 2003, 5:53AM
by The Landlord
The Timber Industry Federation, worried about a US1.8c jump last weekend, said this week that a 2 US cent rise in the exchange rate would probably take out any export profit margin.
It has been particularly volatile in the last week or so after the Group of Seven, prompted by the United States, sent world markets reeling with comments pushing for looser currency regimes.
