Kiwi dollar to keep winging higher in 2021

Thu, 31 Dec 2020

A high New Zealand dollar has been a headache for exporters, a bonus for importers and 2021 is shaping up be another wild ride, with a move as high as 90 US cents not too far-fetched.“The kiwi currency is not flightless. In fact, the little kiwi flier is an aerial acrobat, flying more like a pīwakawaka – fantail - in pursuit of insects,” said Kiwibank chief economist Jarrod Kerr.The NZ dollar touched a high of 71.76 US cents in the lead up to New Year after reaching a low of 54.70 cents in March. “You have to...

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