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flag New Zealand dollar hits two-year low, raising petrol prices and affecting consumer spending.

flag The New Zealand dollar has hit a two-year low, trading at 55.5 US cents, leading to higher petrol prices for consumers. flag AA spokesperson Terry Collins predicts further price increases. flag This weak currency benefits exporters with higher returns but may negatively affect the domestic hospitality sector, which saw a 2.7% decline in spending last year.

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