Foreign ownership in New Zealand shares has risen
significantly since the lows in 2010 and is now well above
historic averages. Forsyth Barr broker Suzanne Kinnaird tells
Business editor Dene Mackenzie there are several issues which
could result in the high premiums attracting those foreign
investors being reversed.
The New Zealand dollar will remain strong against the
Australian currency until the Reserve Bank of New Zealand
faces the prospect of interest rate cuts and and the
Australian central bank considers rate rises.