Tue, 19 Mar 2013 12:06:10 GMT
New Zealand's Dollar is overvalue, as Finance Minister says
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