Reserve Bank of New Zealand Wheeler: New Zealand dollar drop is positive for the economy

Also:

• Difficult to predict where NZ dollar will go
• As US economy improves, the kiwi dollar will be re-rated
• Says NZ is on track for a surplus

–

So far, Wheeler’s comments have knocked a few tikcs of the kiwi, nothing much at all. Looks like plenty of bids for the thing, no?

There’s a band of resistance coming up, though, through to 0.7930.