BLBG:New Zealand Dollar Decline May Reflect Commodity Price Outlook, Key Says
The New Zealand dollar’s 7.2 percent decline the past month is helpful for exporters while also reflecting weaker commodity prices, according to Prime Minister John Key.
“The exchange rate has eased off a bit recently so that’s helpful for our exporters,” Key told TV3 News today. “Sometimes when the exchange rate goes down its a reflection of how badly international markets are or that commodity prices might be easing back so its not always a one-way good-news story.”
To contact the editor responsible for this story: Tracy Withers at twithers@bloomberg.net
