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NZ dollar ‘not so over-valued’

Posted on 30 October 2012

The high New Zealand dollar is hitting some parts of the economy, but it is not necessarily that overblown, with “fair value” at US74c to US76c, according to a report by ASB Bank.
And based on the bank’s view of recovering commodity prices in the coming year, it suggests the currency is likely to stay at about US77c in the near future, according to ASB’s latest quarterly forecasts………………………………………..Full Article: Source


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