Business & investing: It was yet another down week for the kiwi dollar notching up its seventh consecutive losing week against the US dollar, its longest losing streak in four years after falling to a low of 55.8 US cents.
Against the Aussie the kiwi is once again threatening to fall below 80c if the Reserve Bank opts to pause at its next monetary policy meeting this month after Australia’s central bank opted to hike its cash rate for a fourth time this year.
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Andrew Patterson is Newsroom’s Markets Editor and has worked for decades as a financial journalist, radio presenter and editor with Australia’s ABC, Radio Live and NBR.
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