![NZ firms to gain from aussie dollar surge](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ firms to gain from aussie dollar surge
New Zealand tourism businesses and manufacturers that export to Australia are expected to be the winners from a strengthening Australian dollar.
New Zealand tourism businesses and manufacturers that export to Australia are expected to be the winners from a strengthening Australian dollar.
Mergers and acquisitions dominated activity on Wall St, with almost US$10 billion of deals announced as the S & P 500 Index held near a four-month high.
Economists believe GDP stats due out this week will show the NZ economy has expanded less that the Reserve Bank forecasted, confirming that interest rates are on hold for now.
A weakening recovery and the Christchurch earthquake have prompted the Reserve Bank to leave official interest rates on hold this morning at 3 per cent.
World share prices surged overnight, bolstered by solid data from US, China and a good European growth forecast.