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19 Aug 2018 10:37
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  •   Home > News > Business

    An economist says a drop in the Kiwi dollar isn't all bad news

    An economist says a drop in the Kiwi dollar isn't all bad news


    The dollar is at a 2 year low, buying just 66 US cents.

    While it means higher prices for Kiwis, ASB's Chief Economist Nick Tuffley
    says there is an upside.

    He says we're more attractive for tourists, the US dollar prices of things
    like dairy are slightly better, and our manufactured exports become slightly
    cheaper as well.

    Tuffley says, usually, for every percent decline in the exchange rate,
    consumer prices rise by a 10th of a percent.

    © 2018 Newstalk ZB, NZCity


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     17 Aug: Higher crude oil costs are pumping up fuel prices
     17 Aug: Director Peter Weir flies to the defence of accused spy and filmmaker James Ricketson in Cambodia
     17 Aug: In rural news ..
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    The man who's formed the second row in nearly 50 tests with Brodie Retallick is praising his return to the All Blacks after 11 months away More...


    BUSINESS BUSINESS
    A retired couple have been left 53-thousand dollars out of pocket after falling victim to a building scam More...



     Today's News

    Entertainment:
    Noel Gallagher has described Manchester City as his "first love" 10:31

    Environment:
    'We've been warned': Swelling Northern Hemisphere heatwaves bring unprecedented fires 10:17

    Law and Order:
    The man who's formed the second row in nearly 50 tests with Brodie Retallick is praising his return to the All Blacks after 11 months away 10:07

    Auckland:
    A boxer remains in a critical condition in Auckland city Hospital this morning after being knocked out during training 10:07

    Entertainment:
    Spencer Matthews feels "very blessed" that his son will grow up with his brother James and his wife Pippa Middleton's child 10:01

    Entertainment:
    Ariana Grande has shut down rumours she gets carried around by her security guards, branding the claim "so stupid" 9:31

    Rugby League:
    High winds have played a role in Eliza McCartney suffering a heel injury at the latest Diamond League event in Birmingham 9:27

    Entertainment:
    Kris Jenner thinks her daughter Kylie Jenner is an "amazing mommy" 9:01

    Entertainment:
    Lily Allen’s tell-all book is to be released in September 8:31

    Rugby:
    Eliza McCartney's withdrawn from her latest pole vault meet in Birmingham with a heel injury 8:16


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