Talk Money: April 1, 2016

Tony Field (Paul Henry)
Tony Field (Paul Henry)

The New Zealand dollar is sitting at just over 69 US cents this morning.

But a survey of exporters has found that they are picking the kiwi could be at least four cents lower in a year's time.

The ASB's quarterly survey of exporters and importers has found they think the Kiwi will be trading at 64.5 US cents by the end of March 2017.

The survey was conducted in late February and early March when the Kiwi was trading at between 64 and 67 US cents. Since then the New Zealand dollar has soared.

The higher Kiwi is one of the reasons economists think that the Reserve Bank is likely to cut the Official Cash Rate again, from 2.25 percent to 2 percent, and perhaps even to 1.75 percent.

Lower interest rates for savers are one of the reasons that investors are putting more money into the local stock market.

The main index, the NZX50, has risen 6 percent in the first three months of this year to record levels.

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