PremiumHome / Business / Markets / CurrencyJamie GrayBusiness Reporter·NZ Herald·2 Oct, 2026 03:07 AM5 mins to readThe NZ dollar has been beaten up on world markets. The NZ dollar has been beaten up on world markets. High oil prices and a strong US dollar have driven the New Zealand dollar to its lowest point so far this year, with the two factors likely to put pressure on the Reserve Bank to raise its Official Cash Rate late this month. Currencies move on interest rate differentials AdvertisementAdvertise with NZME.
Weak NZ dollar, high oil prices pile on pressure as RBNZ’s OCR call nears
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