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Parity with Aussie dollar tipped
About 70 per cent of businesses surveyed by ASB Bank expect the New Zealand dollar to reach parity with the Aussie dollar over the coming year. Conversely, the survey of 394 businesses, taken in late January and early February, showed that respondents expected the NZ/US dollar rate to ease over the coming year from its current high levels of around US84.8c. ASB's latest issue of its quarterly Kiwi Dollar Barometer said a greater proportion of small businesses saw the surge in the NZ/Aussie dollar cross rate as having a negative effect on their operating margins, relative to big business. The NZ/Australian dollar ... (full story)
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