Investments

NZ Dollar - Too Far, Too Fast?

Wednesday 15th of July 1998

Since June 1997 the performance of the New Zealand dollar has been anything but impressive (unless you were short!). This is demonstrated by a quick look at the statistics - down 25 per cent against the United States dollar, down 7.1 per cent against the Australian dollar and Japanese yen and down 14 per cent on a trade weighted basis. At that time, while most commentators agreed that the dolla...

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