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Currency fundamentals 'still strong'

Tuesday 18th of February 2014

Two analysts from SLJ Macro Partners in Britain wrote in a note to clients that while the case for the kiwi seems compelling, the reality is quite different.

"New Zealand has severe structural weaknesses that are very similar to those of crisis-hit southern European and southern emerging-market economies. Kiwi may be 20 per cent overvalued," they wrote.

They said they were not con...

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