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New Zealand PM Ardern says not concerned by fall in NZ dollar

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New Zealand Prime Minister Jacinda Ardern said on Tuesday she was "not at all" concerned by a recent fall in the New Zealand dollar.

[WELLINGTON] New Zealand Prime Minister Jacinda Ardern said on Tuesday she was "not at all" concerned by a recent fall in the New Zealand dollar.

The local dollar has fallen more than 5 per cent since September's election, amid concerns about the Labour-led government's planned policy changes including plans to review the central bank act.

The currency rose around a quarter of a US cent on Tuesday after the government said there were no plans to include the kiwi in a review of the Reserve Bank Act.

"These are fluctuations that are well within the rate of fluctuations we have over a six-month period," Ms Ardern told Reuters. "Certainly I think probably where we are at exporters wouldn't be complaining right now either."

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Ms Ardern also said it was too early to say whether member states would achieve an agreement on the Trans-Pacific Partnership trade deal this week.

The 11 TPP members had set a goal of reaching broad agreement on the pact on the sidelines of the Asia-Pacific Economic Cooperation meeting in Vietnam.

"Certainly I know that there are a number of member states who would be seeking that, at this stage I can't say whether that's likely or not. I think we'll have a good indication once we are on the ground."

REUTERS

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