Mr. Bill English the New Zealand Finance Minister said that rising New Zealand dollar value is threatening an export led recovery, worth mentioning that the New Zealand dollar was the world's best performing currency during the last three months.

Bill English added that he is uncomfortable with rising currency value as in recession a low dollar value is needed to realize recovery but this time it's not going to be the same, worth mentioning that the NZD gained 50% against its American counterpart during the last seven months.