Kiwi dollar reversal as macroprudential bears fruit? (members)

Wednesday, 13 August 2014

The FT has a cute piece on the kiwi:

Speculation that New Zealand’s central bank will reverse its strategy of raising interest rates is clipping the kiwi’s wings.

The New Zealand dollar has fallen 0.5 per cent against the US dollar, to now buy 84.2 US cents.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.