Sustained weak NZ dollar ahead as OCR cuts loom

Exports have shrunk as a proportion of GDP. (Image: NZME)

Tue, 26 Nov 2024

Suddenly, the New Zealand dollar against the United States dollar is getting more attention, having dipped below US$0.60.The NZD/USD has averaged US$0.67 over the past decade. Five years ago, the decade average was US$0.75. Those levels became normal. They were not.Now, NZ needs a sustained period of currency weakness. That will be good for exporters but not our living standards. Holidaying offshore, for a start, is more expensive.The reason pin-pointed for the recent dip below US60 cents has been, in some quarters, Trump and his tar...

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