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22 Oct 2018 10:34
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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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    The Black Ferns sevens have thrashed Ireland 34-7 to book a spot in the semi-finals of the first world series tournament of the season in Colorado More...


    BUSINESS BUSINESS
    The players are leaving the Rugby World Cup scenarios to the All Blacks management team More...



     Today's News

    Rugby League:
    Breakers coach Kevin Braswell has quickly turned his focus past the club's loss to the Sydney Kings 10:26

    Christchurch:
    A police cordon's in place in the Christchurch suburb of Clifton after the discovery of a woman's body in the early hours of this morning 10:26

    Motoring:
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    Motorsports:
    Ferrari's Kimi Raikkonen has broken the record books with his win at the United States Formula One grand prix in Texas 9:36

    Motoring:
    The Australian Supercars title battle is continuing to go down to the wire following a dramatic second race at the latest event on the Gold Coast 8:16

    Golf:
    Lydia Ko has claimed her third top five finish of the year at the latest LPGA event in Shanghai 8:06

    Rugby:
    The Black Ferns sevens have thrashed Ireland 34-7 to book a spot in the semi-finals of the first world series tournament of the season in Colorado 7:46

    Cricket:
    Bangladesh has beaten Zimbabwe by 28 runs in their one day cricket international in Dhaka 7:36

    Politics:
    Watch the polls 7:26

    Basketball:
    Kevin Braswell admits he's going to have to put some extra work in with his back-court following their disappointing 23 point Australian Basketball League loss to the Sydney Kings 7:16


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