What should we be doing about the high NZ dollar?

By Rebecca Macfie In Economy

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6th October, 2012
Simon Ward has been firing off furious emails to the many business lobby groups he pays to represent his interests. His message: the high New Zealand dollar – currently around US82c – is snatching away his profits and wearing him and his staff down. Something must be done about it. Ward manufactures heavy machinery; one of his main products is a clever device that tilts shipping containers up on end, allowing them to be filled with bulk material. The 13-year-old Onehunga company, A-Ward Attachments, sends 95% of its production overseas, and has just become a finalist in the steel industry’s ...

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