Economy the chart

How a strong US dollar hampers the inflation fight

Andy Fyers
Wed, 27 Jul 2022

How a strong US dollar hampers the inflation fight
The strong US dollar increases prices all around the world. (Image: Depositphotos)
Andy Fyers
Wed, 27 Jul 2022
With fears of a global recession mounting, many investors are choosing to park their money in a safe place.As a result, the value of the US dollar against many of the world's currencies, including New Zealand's, has climbed to levels last seen during the global financial crisis (GFC) and briefly at the onset of the covid pandemic.One NZ dollar buys about 63 US cents at the time of writing – it has been as low as 61 cents in recent weeks – down from 70 cents a year ago.That means it now costs about 12% more to buy a US dollar...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy
Food security might be the biggest loser in three waters reform says Horticulture NZ
Jem Traylen | Thu, 11 Aug 2022

The three waters bill could see local food production lose out to urban households says Horticulture NZ.

Infrastructure
The market may be undervaluing Fletcher shares: Craigs
Jenny Ruth | Thu, 11 Aug 2022

The Craigs Investment Partners analysts are expecting Fletcher Building’s earnings to peak in 2023 and to decline in the following two years.

Environment
Wastewater could boost native plant growth, study shows
Greg Hurrell | Thu, 11 Aug 2022

Marginal land could be regenerated with native plants irrigated with treated wastewater, new research shows. But the mixed results show some native plants benefit more than others.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.