020 7898 0500- The New Zealand dollar weakened greatly today to its lowest levels in more than a year, after Reserve Bank of New Zealand Governor Graeme said he still considered the currency strength to be ‘unjustified and unsustainable’. The currency – as well as the Australian and Canadian dollars – has fallen significantly as the US dollar continues to strengthen.
- Yesterday the Canadian dollar fell to six-month lows against the US dollar. It weakened to similar levels last seen in March, with a lot of pressure coming from the US dollar. Part of the weakness was the expectation of the US Federal Reserve to tighten their policy before the bank of Canada – this will keep the Canadian dollar under pressure for the foreseeable future.
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