Roger J Kerr points out that the New Zealand dollar has depreciated in value during August in nine out of the past 10 years – Interest.co.nz
Summary of key points: –
- Kiwi dollars August under-performance record likely to continue
- Economic scaremongering spreading from multiple sources
- Unintended consequences abound in disrupted economic order
Kiwi dollars August under-performance record likely to continue
For a variety of reasons, the New Zealand dollar has historically weakened against the US dollar over the month of August.
Over the last decade the Kiwi has depreciated in August in nine out of …