ANZ senior macro strategist Phil Borkin says New Zealanders should not be too worried about a falling New Zealand dollar. The New Zealand dollar has taken a dive against the greenback and will continue to fall to levels not seen since the global financial crisis, ANZ predicts. A low New Zealand dollar can be positive news for our exporters because it makes our goods cheaper for overseas customers to buy. JOHN SELKIRK/STUFF A low New Zealand dollar is good for inbound tourism because it makes New Zealand a cheaper destination. This weighed on the New Zealand dollar because our economy was so reliant on China.

Source: Stuff October 05, 2018 03:33 UTC