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New Zealand dollar under pressure

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Uploaded by on May 1, 2008

New Zealand dollar under pressure
US dollar strong, hit 5mth highs against Euro because 2% seen as bottom
http://www.interest.co.nz/news

Expectations grow of rate cut here
Tightening of yield advantage
SUV sales in states have slumped
GM sales down 16%, Ford down 12%
Exxon Mobil, world's largest firm,
Rose 17% to US$10.9 bln for the quarter
Dow Jones rose through 13,000
Meanwhile closer to home
Dorchester Pacific has warned of bigger bad debts from the property sector and says its CEO will move on

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