The New Zealand dollar may not to be able to defy gravity for much longer as a shrinking interest rate premium could drag it down from US$0.73 now to around US$0.65 by the end of the year. That would mean the kiwi is unlikely to reach parity against the Aussie until late next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services