90 at 9: NZ dollar down vs Aussie post-Bollard; Silver Fern Farms wins vote just; Dow up
rhetoric with Australia. The NZ dollar fell under 80 Australian cents overnight as dealers saw the RBA governor Glenn Stevens talking about rate hikes next while the RBNZ governor Alan Bollard is talking about rate cuts. That makes the Australian dollar more attractive than the New Zealand dollar. That helped reduce our currency on trade weighted index basis, given Australia is our largest trading partner. Meanwhile, South Island based meat processing cooperative Silver Fern Farm has …
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