NZ manufacturers suffer, Australian assets look cheaper as dollar parity looms

Tue, 17 Feb 2015

By Tina Morrison Feb. 17 (BusinessDesk) - New Zealand manufacturing exporters are facing record headwinds from the kiwi's strength against the Australian dollar, with foreign exchange traders and strategists almost evenly split on whether the currencies will reach parity. The New Zealand dollar touched a post-float record of 96.77 Australian cents overnight and recently traded at 96.53 cents. Six of 13 strategists and advisers in a BusinessDesk survey today say the kiwi dollar will reach A$1 this year. The options market is pricing in a 5...

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