News
Reserve Bank must stop muscular kiwi going for broke
Sunday 28th of September 2003
The Timber Industry Federation, worried about a US1.8c jump last weekend, said this week that a 2 US cent rise in the exchange rate would probably take out any export profit margin.
It has been particularly volatile in the last week or so after the Group of Seven, prompted by the United States, sent world markets reeling with comments pushing for looser currency regimes.
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