NZ business gains from lower kiwi this year may be short lived, survey shows

Wed, 12 Jun 2013

By Tina Morrison June 11 (BusinessDesk) – Companies expecting to benefit from a lower New Zealand dollar may get only a short reprieve as the kiwi appreciates towards the end of the year buoyed by the prospect of an improving economy and higher interest rates, according to a BusinessDesk survey. The local currency has dropped about 5 percent this year as improving data out of the US stokes expectations the Federal Reserve will wind down its quantitative easing programme, stoking demand for the greenback. The kiwi, which yesterday touched a...

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