Call it the dairy downer.
New Zealand’s exchange rate has fallen in recent weeks but not far enough, given the strong fail in dairy prices since February.
Today Reserve Bank governor Graeme Wheeler said the exchange rate level is “unjustified and unsustainable” – warnings he has made
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Rob Hosking
Thu, 25 Sep 2014
Thu, 25 Sep 2014
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Dollar: Wheeler stages 'dairy downer' in bid to shift currency
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