(Bloomberg) -- New Zealand's dollar, the best
performing currency against the yen in the past year, may slide
from a 21-year high as the nation's property market cools,
according to Standard Chartered Bank.
The currency known as the kiwi may fall 3 percent to 93.94
yen and to 77 U.S. cents by Dec. 31, said Callum Henderson, head
of global currency strategy in Singapore. The central bank may
pause after raising its 8 percent benchmark rate on July 26,
because mortgage costs will be high enough to stifle housing
demand, a Bloomberg News survey shows.
Read more at Bloomberg Bonds News
performing currency against the yen in the past year, may slide
from a 21-year high as the nation's property market cools,
according to Standard Chartered Bank.
The currency known as the kiwi may fall 3 percent to 93.94
yen and to 77 U.S. cents by Dec. 31, said Callum Henderson, head
of global currency strategy in Singapore. The central bank may
pause after raising its 8 percent benchmark rate on July 26,
because mortgage costs will be high enough to stifle housing
demand, a Bloomberg News survey shows.
Read more at Bloomberg Bonds News
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