Lower for longer: the new normal for the kiwi dollar?

Better book that offshore holiday soon - a weaker NZ dollar lies ahead. (Image: Depositphotos)

Tue, 06 Jun 2023

The New Zealand dollar has taken a hit following the Reserve Bank’s dovish hike, with monetary policy moving into watch, worry and wait mode.The NZ dollar is hovering above 60 US cents, down from 63 US cents a couple of weeks ago. A lower currency adds to imported, or tradable, inflation pressure.Cyclical or near-term movements and fluctuations are to be expected.The bigger story is that a low NZ dollar is required on a more sustained basis than we have been used to for the past two decades.The near-term The finger cannot just be po...

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