Kiwi set for bumpy winter after sharp autumn fall

Central banks around the world are raising interest rates (Image: BusinessDesk)

Tue, 03 May 2022

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Market analysts don’t expect a 6.9% slide in the kiwi against the greenback last month will spell the end of volatility in the New Zealand dollar, with the local currency pushed around by the turmoil facing the global economy.The New Zealand dollar is trading near a two-year low against its US counterpart and was recently at 64.60 US cents. That’s down from 69.71 cents at the end of March, though still some way off the 56.85 cents level it hit in the depths of the covid-induced panic in March 2020.Jason Wong, a market strategist at...

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