Roger J Kerr says the unwinding of speculative short-sold Kiwi dollar positions caused a spectacular turn up, and fresh ...

The New Zealand dollar continued on its strong recovery path in late December, climbing to a high of 0.6750 against the USD on 1 January. The Kiwi dollar's five cent appreciation from 0.6250 in early October to 0.6750 proving to be as rapid as the decline