The New Zealand dollar (NZD) value rose and, for a short amount of time, was worth US$0.7932, the highest level in New Zealand since the dollar was floated in 1985 - 22 years ago. The value then dropped a little and as of 11.40 a.m. was trading at US$0.7925. This was due to the Reserve Bank of New Zealand announcing that it will intervene next week at their Official Cash Rate review if the dollar continued to rise . Economists are predicting that the NZD will now go above US 0.80. Economist correspondents for Radio New Zealand have also said that a weak US dollar is also to blame for the rising New Zealand dollar. Danika Hampton, currency analyst for the Bank of New Zealand, says the NZD is looking expensive and doubts if it will maintain its current high figure. Michael Cullen , the finance minister of New Zealand, has said that investors will be hurt when the New Zealand dollar does fall. Dr Cullen personally believes that the NZD is currently overvalued. The NZD is also trading well against the Australian dollar and Japanese yen .
The (NZD) value rose and, for a short amount of time, was worth 0.7932, the highest level in New Zealand since the dollar was floated in 1985 — 22 years ago . The value then dropped a little and as of 11.40 a.m. was trading at US$0.7925. This was due to the announcing that it will intervene next week at their review if the dollar continued to rise. Economists are predicting that the NZD will now go above US$ 0.80. Economist correspondents for have also said that a weak US dollar is also to blame for the rising New Zealand dollar. Danika Hampton, currency analyst for the Bank of New Zealand, says the NZD is looking expensive and doubts if it will maintain its current high figure. , the finance minister of New Zealand, has said that investors will be hurt when the New Zealand dollar does fall. Dr Cullen personally believes that the NZD is currently overvalued. The NZD is also trading well against the and .
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New Zealand dollar
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US$0.7932, the highest level in New Zealand since the dollar was floated in 1985 - 22 years ago. The value then dropped a little and as of 11.40 a.m. was trading at US$0.7925. This was due to the Reserve Bank of New Zealand announcing that it will intervene next week at their Official Cash Rate review if the dollar continued to rise
0.7932, the highest level in New Zealand since the dollar was floated in 1985 — 22 years ago
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Economists are predicting that the NZD will now go above US
The value then dropped a little and as of 11.40 a.m. was trading at US$0.7925. This was due to the announcing that it will intervene next week at their review if the dollar continued to rise. Economists are predicting that the NZD will now go above US$
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Radio New Zealand
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Michael Cullen
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Australian dollar and Japanese yen
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