The Reserve Bank was not expected to go toe-to-toe with the
market to keep the New Zealand dollar down but it was
expected to make smart decisions to rebuff any rallies, BNZ
currency strategist Raiko Shareef said yesterday.
New Zealand infrastructure company Fulton Hogan continued to
grow its profits in the year ended June, helped by a
consistent performance across all five business streams,
managing director Nick Miller said yesterday.
Households could soon start feeling the squeeze if the New
Zealand dollar continues to fall, putting pressure on
imported goods such as fuel, food and large-ticket items like
flat-screen televisions and electrical goods.