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Kiwi on course for 5% drop in value against US greenback
2014-12-30 17:35:57| Food - Topix.net
The kiwi began the year at US81.91c and touched US88.35c in July - within a whisper of its post-float high of US88.40c - but has since declined to trade recently at US77.85c. The New Zealand dollar is heading for a 5 per cent decline against the greenback in 2014, a year which saw the kiwi soar close to a post-float high and prompted the central bank to intervene to bring it down.
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