NZ PM: Little the RBNZ or government can do on high NZD

FXStreet (Bali) - New Zealand Prime Minister Key spoke in a radio interview, noting that there is little the RBNZ or government can do to address the NZD high exchange rate, Bloomberg reports.

New Zealand dollar gains against Australian counterpart are "reflection of the strength of the New Zealand economy, and the perception of those who price currencies of which economy is in better shape"

Key Quotes

Currency gain is "tough on exporters" ... but they've been "amazingly resilient"

Makes imported components cheaper

Cutting interest rates is "conventional economics" but there have been times when rates have been lowered and the currency has gone up