Articles tagged NZ$

The Reserve Bank believes the New Zealand dollar is unsustainably and extremely high, but it is not currently considering intervening to pull it down because the market is too liquid and a lower currency would clash with its aim of tightening monetary policy to contain inflation.


The New Zealand dollar strengthened to a fresh eight year high of 94.5 Aussie cents on Thursday after the Australian Bureau of Statistics reported the Australian economy lost 22,600 jobs in December.