As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar
has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar
and New Zealand Dollar
are often viewed as a proxy for Chinese growth and thus have performed well against the Euro
in recent years. Although Chinese growth may become a cause for concern as the nation shifts away from export led growth, weakness in the Euro-Zone may cap any significant reversal.