Organisation Economic Cooperation Development: The New Zealand dollar was at 98.27 Australian cents on Friday, up from 98.18 cents on Thursday and it is expected to reach parity, according to The Guardian. The last time the New Zealand dollar passed the Aussie dollar was on 18 October 1973 and it only managed it for a few hours, Bloxham said on TVNZ Q+A program on Sunday. Paul Bloxham, the HSBC economist who first called New Zealand a rock star economy, says the New Zealand dollar is going to be strong for some time because the NZ economy is strong. The New Zealand economy is outperforming every other Organisation for Economic Cooperation and Development economy. It was the fastest growing of the 34 OECD economies in the past year. That why we’ve been describing New Zealand as a rock star, Bloxham said.
(news.financializer.com). As
reported in the news.
Tagged under Organisation Economic Cooperation Development, Aussie dollar topics.