Monday, Jul 09, 2007
Housing market cant take another rate rise
bloomberg.com: New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff
Exporters Hurting
Exporters say they're being hurt by the central bank's determination to crimp inflation fueled by consumer spending.
The New Zealand dollar's gain is ``killing us,'' John Bongard, chief executive officer of Fisher & Paykel, New Zealand's largest home appliance maker, said on July 3.
New Zealand's exporters can't rely on a low dollar to boost overseas sales, said Goff. Central bank sales of the currency on June 11 were designed to trim the top off the New Zealand dollar's appreciation rather than change its direction, he said.
Posted by chris @ 12:20 AM (129 views) Add Comment
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