The kiwi struggles: NZ dollar faces uncertain future

Two key factors affecting the kiwi are falling commodity prices and the lagging Chinese economy. (Image: Getty)

Thu, 28 Sep 2023

The New Zealand dollar looks to have found a temporary reprieve in recent days, but it may not last. The kiwi has come under pressure of late, falling below 60 US cents (NZ$1.01) as the NZ economy has stumbled, commodity prices have weakened, and other central banks have lifted interest rates.“Risk appetite is weakening, commodity prices are falling, and the Fed, the world’s most influential central bank, maintains the mantra of ‘higher rates for longer,” Kiwibank economists said. “The greenback has benef...

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