New Zealand's Dollar is overvalue, as Finance Minister says

Note: This section contains information in English only.
Source: Bloomberg
The New Zealand Dollar, also known as kiwi, dropped from 82.65 to 82.42 U.S. cents in the end of Wellington trading session on Tuesday after Finance Minister Bill English comments on a current exchange rate. The kiwi appreciated 12% over last two years and was mainly driven by quantitative easing programs, but English stressed that there is little what government can do about this. Also, the IMF estimated that the New Zealand Dollar is overvalued about 15%, but is likely to stay in a similar level, as loose monetary situation prevails around the world.
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