20.01.2009 - New Zealand dollar will fall 4% on risk of downgrade, CBA says
From Bloomberg: New Zealand’s dollar will fall at least 4 percent to the lowest level since 2002 against the U.S. currency because of the risk the nation’s credit rating will be downgraded, according to Commonwealth Bank of Australia. Standard & Poor’s last week revised the outlook on New Zealand’s AA+ foreign-currency rating and said it may be cut should the current-account deficit and overseas debt damp growth. .... Full Article: Source
Print