Business expects long term fall in Kiwi dollar to near US60 cents ASB

Thu, 27 Sep 2012

By Hannah Lynch Sept 27 (BusinessDesk) - Kiwi businesses expect the New Zealand dollar to run up as high as 85 US cents over the next few months, but to drop and average 63.2 cents over the next decade, according to ASB's kiwi dollar barometer. Importers' expectations are higher, at 64.9 cents, while exporters' expectations were lower, at 60.4 cents. However, ASB economists only partially, predicting a much higher long‐term average for the NZD/USD over the next ten years at about 70 cents. "A key driver behind our expectation of a structur...

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