New Zealand finance minister Bill English: Kiwi dollar will fall further as the U.S. economy recovers

New Zealand finance minister Bill English said in an interview :

• NZD will fall further as the U.S. economy recovers
• “Looking out ahead, you’d expect it to soften against the U.S. dollar”
• “While there are risks around, we’re heading in a direction where we can see the exchange rate moderating, interest rate pressure moderating and the fiscal position under control.”
• NZ faces less inflationary pressure than expected
• Weak dairy prices are a downside risk for NZ
• Pressure on NZ interest rates is moderating

via Bloomberg