No news is good news

The New Zealand dollar started the week by hitting a 15 month low against the Australian dollar. This was attributed by the uncertainty caused by the upcoming election, but as the week went on, this levelled out somewhat. It’s not entirely in the Kiwi’s favour; there are signs that neither leading party would be good for the currency but that is at least a form of certainty and allowed the currency to hold its ground. There was no good news from New Zealand this week; figures regarding economic growth across Tasman caused a slight dip, but ongoing tension in North Korea has kept the US dollar under pressure and stopped the Kiwi from losing too much ground.