
World-beating dollar seen topping out near record
New Zealand's dollar is the most overstretched in three years, trading patterns suggest, putting in jeopardy its chances of surpassing a record high.
New Zealand's dollar is the most overstretched in three years, trading patterns suggest, putting in jeopardy its chances of surpassing a record high.
The New Zealand dollar touched a 13-month high against the euro overnight.
The Reserve Bank has revised up its estimate of the economy's potential or non-inflationary growth rate next year, but it is still shy of the levels prevailing between the mid-90s and mid-2000s.
The New Zealand dollar is within striking distance of its post-float high against the US dollar and may surpass it, says an analyst.
A perfect storm of interest rate hikes, lending restrictions and inclement weather is being blamed for a slump in house sales.