Kiwi businesses are implementing greater FX risk protection, according to East & Palmers’ New Zealand Business FX program. The report, based on interviews with 413 business owners and treasurers across the country, presents FX views and hedging intentions for the Micro, SME and Lower Corporate business segments. Since Round One, an additional 10.5 percent of importers and exporters are engaging with FX providers to hedge against a volatile New Zealand dollar and an uncertain economic outlook.
“Despite Auckland real estate bubble concerns, the Reserve Bank of New Zealand has signaled further rate cutting intent in order to address depressed dairy prices, sluggish inflation and uneven economic growth,” East & Palmers head of markets analysis, Martin Smith said.
