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Sporadic 2 – April 8 2015
Wednesday April 8th 2015
Kiwi Falls 13% Against The USD
The Kiwi dollar may have backed away from parity with the AUD yesterday but that interesting crossover point is still likely to be breached within the next few weeks – or days. In this second Sporadic issue we take a quick look at factors driving not so much the NZD upward – as we have shed 13% against the greenback this past year – but the Aussie dollar downward. Those factors won’t reverse for quite some time so a highish NZD/AUD exchange rate will likely be around for a couple of years.