Fri, 13 Nov 2009 4:27p.m.
Mr Key expressed concern about the dollar's impact on exports when interviewed on a business programme.
The New Zealand dollar dipped slightly this afternoon after international new agencies reported Prime Minister John Key's long-held concerns about the strength of the local currency.
Reuters said Mr Key expressed concern about the dollar's impact on exports while being interviewed on a business television programme.
"There is that concern where we end with a position where we choke off that growth in exports that we wanted to see in terms of getting a balanced recovery," Mr Key told CNBC on the sidelines of the Asia Pacific Economic Cooperation (Apec) forum meeting in Singapore.
The dollar had been trading at around US73.35c prior to the comments and dipped to a recent low of US73.13c shortly afterwards.
It was not apparent if the movement was related to the reports.
The dollar was trading as high as US76c in October and has since been bouncing around in that area.
Mr Key and his Finance Minister Bill English have often expressed concern about the value of the dollar and its effects on exporters as well as lowering the cost of consumer imports.
Both have also said that much of the strength of the local currency is in a large part caused by the weakness of the US dollar.
NZPA
