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  • The NZ$ hit a 5 year low of 54 US cents overnight

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The NZ$ hit a 5 year low of 54 US cents overnight

Welcome to our morning briefing 90 at 9 I'm Bernard Hickey from interest.co.nz The NZ$ hit a 5 year low of 54 US cents overnight The strong Japanese Yen is a major factor NZ has borrowed heavily from Japanese investors We have NZ$7.3 bln of Uridashi bonds maturing More pressure down on NZ dollar in coming months Good news for exporters Although commodity prices are falling Bad news for importers and retailers Higher import prices and lower consumer demand Meanwhile, an ASB survey has found term deposits are the most popular investment now for the first time Surpassing rental property as most popular Not surprising given property slump, flight to quality I'm Bernard Hickey for interest.co.nz with 90 at 9

YouTube | October 27, 2008Watch more videos from YouTube

Tags:. .bln. .asb. .surpassing. .hickey. .slump











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