The New Zealand dollar is eyeing the US86-cent mark today as it continues its relentless drive upwards.
Actually it is more a relentless drive down by the US dollar. The Australian dollar is now worth more than US$1.05 and the NZ dollar is still historically low compared to the Australian dollar at 81c.
We could join the US and Europe and Japan in printing more money to devalue our national wealth. But guess what – that just makes us all poorer, and will make the wage gap with Australia even bigger.Tags: Exchange Rates