How is the Kiwi dollar faring?
How is the Kiwi dollar faring? Investors have been watching the Australian dollar weaken since January, but they may not be aware that the currency of our near neighbour New Zealand has also been under pressure, with further weakening likely. The New Zealand dollar has fallen as the Fed continues to raise rates in the US and the Reserve Bank of New Zealand (RBNZ) announced an unexpectedly dovish policy stance. In its August monetary statement, …