Kiwi dollar is on a downward roll – how far do experts see it falling?

Kiwi dollar is on a downward roll – how far do experts see it falling?

Reserve Bank governor Graeme Wheeler and exporters alike will be taking some comfort from the devaluation of the New Zealand dollar over recent weeks and analysts are calling it lower still. The catalyst for the latest shift lower was the Reserve Bank’s surprise 25-basis-point rate cut on June 11. The central bank specifically singled out the sharp decline in dairy prices for comment in its monetary policy statement, and once again said the currency was overvalued.

Scroll to top
简体中文繁體中文English