The NZ dollar has punched through the psychological USD0.80 barrier.

While the change itself is small – I’d bet that there are a number of Kiwi businesses who told themselves that 80 cents was the barrier beyond which they would make some concrete decisions about their businesses.

I’d be surprised if we didn’t hear some announcements of job losses in the next few weeks. While the dollar will no doubt fall, the psychological barrier is an important milestone and one which people have been watching for ever since the dollar started spiralling up.

Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.

1 Comment
  • Great for the kiwi diaspora leaving for American pastures anew. Great for anyone traveling to the States to buy a new MacBook Pro for US$2499 (~NZ$4700 still). But not so good for your Waipara vintners or dairy cockies.

    It will be interesting to see it hits 0.85c if they put interest rates up this week. Intervention time.

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