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New Zealand fin min: Weaker NZD is desirable

Comments from the New Zealand finance minister:

  • New Zealand economic fundamentals are good
  • RBNZ's 2014 rate increases curbed growth this year
  • Fed hike is good news for NZ economy
  • NZD still looks overvalued
  • Tourism picked up strongly, boosting GDP

That's some weak jawboning and he took a little swipe at the RBNZ there as well.

The kiwi climbed about 25 pips on the GDP numbers but has given it all back, largely due to broader USD strength.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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