Tony Alexander

Economic Commentaries

The full pdf version of the Weekly Overview is contained here.

Kiwi Dollar Hits A Post-Float High

Thursday June 2nd 2011

The main event of interest with regard to the NZ economy this week was a rise in the NZD above 50 pence and to a post-float record against the greenback in response to a variety of factors. There was initially last week’s news about $6bn of Chinese investment in NZ, then a very strong report on export growth in April, further commodity price gains reported in May, and soaring business confidence as we reported over three weeks ago in our monthly survey. 

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Factors Add Up To A Rising NZD

Monday May 30th 2011

This week I’ve been meeting people in both Ireland and London and the picture one receives is of two economies still struggling – one with a weak housing market, high unemployment, high government debt, fiscal restraint slowing growth, depressed consumer sentiment, banks unwilling to lend and many businesses unwilling to borrow – and the other place is Irish. The big differences lie in Ireland’s unemployment rate being twice the UK’s at about 15%, the extent of pullback in housing construction and remaining housing over-supply being phenomenally greater in Ireland than in the UK, and the fiscal impact of bank bailouts being much greater in the Emerald Isles.

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