With so much talk about the currency recently and it hitting new highs daily against the green back we thought that we would dig a bit deeper to see what was going on.
The only conclusive results that we came up with was that banks in New Zealand never seem to get it right with their forecasts. We believe that the New Zealand dollar is going to sit where it is at against the pound for a good while. The strong New Zealand dollar with more interest rate hikes forecast does not give us any reason to believe their will be any weakening.
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