Six percent of the New Zealand dollar gain from September hurt sentiment among exporters who would rather exchange rate several cents lower, said Finance Minister Bill English.
The ascent of the "kiwi" to 68.26 US cents will cause many companies to go beyond the comfort zone.
The currency will drop almost 7% by the end of March to 63 US cents, according to the median forecast of more than 40 analysts surveyed by Bloomberg. NZD surged by 5.6% in this quarter, the most among its peers to be traded to 67.56 cents.
E.Dimitrov JrTrader
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