NZ dollar likely to return to 20-year average by the end of 3rd quarter: BusinessDesk survey

Mon, 13 Jul 2015

By Tina Morrison July 13 (BusinessDesk) - The New Zealand dollar, which traded within a whisper of its post-float high against the greenback a year ago, is probably going to return to its 20-year average by the end of this quarter, benefiting exporters such as winemaker Delegat Group. The kiwi touched 88.35 US cents in July last year, nudging its post-float high of 88.40 cents, and has since declined to trade recently at 67.09 cents. The local currency will probably slip further to 65.50 US cents by the end of the third quarter, according...

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