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

The New Zealand dollar has hit a two-year low, trading at 55.5 US cents, leading to higher petrol prices for consumers. AA spokesperson Terry Collins predicts further price increases. 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.

2 months ago
9 Articles