The Kiwi dollar is continuing to tumble
The Kiwi dollar is continuing to tumble, falling further overnight after falling more than a cent yesterday
10 August 2018
It's plunged to a two year low following the Reserve Bank's statement yesterday that it expects to keep the Official Cash Rate at record lows for some time.
Analysts say it's dawned on traders that the risks to the economy look to be skewed to the downside.
A short time ago one New Zealand dollar was buying 66.22 US cents the lowest point since March 2016.
The falling dollar is bad news for New Zealanders going on holiday and makes imported goods more expensive.
But it's good news for our exporters as is means our exports, such as dairy, are more attractive to overseas buyers.
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