NZ dollar not expected to reach parity with Aussie this year, BusinessDesk poll shows

Thu, 30 Jan 2014

By Tina Morrison Jan. 30 (BusinessDesk) – The New Zealand dollar, which touched an eight-year high against its Australian counterpart this month, is not expected to climb to parity in 2014 as a strong local currency dents exports and Australia’s economy picks up following the end of a mining boom. Just three of 22 currency analysts and economists in a BusinessDesk poll expect the New Zealand currency to trade on a par with the Australian dollar this year. The New Zealand dollar recently traded at 93.87 Australian cents and reached 95.31 cent...

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