After a volatile session on Friday ... the New Zealand dollar continues to fall
After a volatile session on Friday ... the New Zealand dollar continues to fall
13 August 2018
The director of JMI Wealth, Andrew Kelleher, says it's all the result of our much flatter OCR profile.
He says the Kiwi is significantly lower this morning against the US at point 6590 - all in response to Thursday's Reserve Bank announcement that it will keep interest rates lower for longer.
The drop is great for exporters - not so good for people wanting imported goods or heading off overseas.
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