Kiwi has dipped a bit in the wake of comments from the RBNZ’s Financial Stability Report that the currency is unsustainably high. The high NZD is hindering the rebalancing of the economy, the central bank says.
NZD/USD has fallen back to 0.7400 on the headline and trades now at 0.7407. It was at 0.7425 ahead of the financial stability report. Keep in mind, this is not the first time New Zealand has tried to talk down the currency; so far, they have not had much success.
