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Newsflash: Dollar Plunges To New Low

The New Zealand dollar hit a new record low of US 40.3 cents this afternoon, following comments by Reserve Bank head Don Brash at the Finance and Expenditure Select Committee this afternoon, warning of a possible return to stagflation, the combination of high inflation and negative economic growth last seen in the Muldoon years.
Links to dollar in motion - (Yahoo!- USD CROSS - Stuff - LIVE CHART USD - LIVE CHART TWI - LIVE CHART US & AUD)

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