RBNZ's McDermott would be happy with lower NZD

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Reserve Bank of New Zealand's Assistant Governor and Head of Economics, Dr John McDermott, said he would be happy with a lower NZD exchange rate, adding that NZD needs to be lower than where it is t present. A cheaper Kiwi would help offset dairy price shock, McDermott added.
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