Bernard Hickey delivers an economic weather report in association with the BNZ detailing the ANZ commodity price rise.
Commodity prices rose 7.9% to near record highs in February as most commodity prices rose in US dollar terms and the New Zealand dollar softened over the month, the ANZ Commodity Price Index found.
Discussed also is the floating New Zealand dollar in comparison to Greece, Italy or Spain being locked into the Euro where they are having to make adjustments in the economy through Wages and Spending, rather than like New Zealand that has an automatic stabiliser in place through the exchange rate which really helps our exporters.
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- WE 4th March 2010
