Kiwi likely to fall as economic growth peaks, AMP Capital says

Thu, 17 Jul 2014

By Paul McBeth July 17 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, is betting the kiwi dollar will fall as economic growth passes its peak and the nation's interest rate premium narrows as other central banks wind down their stimulus programmes. The New Zealand dollar dropped more than 1 US cent yesterday as traders mulled a possible pause in the Reserve Bank's tightening cycle after milder-than-expected inflation figures coincided with a sharp drop in dairy prices. AMP Capital, which is overwe...

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