New Zealand dollar skids as RBNZ reiterates unsustainable currency
May 13, 2015 8:15 am
The New Zealand dollar sapped following Reserve Bank of New Zealand Governor Graeme Wheeler emphasized the unjustified, unsustainable currency was still considered the main criteria for intervention.
During the release of the 6th monthly Financial Stability report, the RBNZ head reiterated the central bank wanted to witness more downward movement in the exchange rate.
The kiwi tumbled to 73.72 US cents following Wheeler’s address, previously 74.03 US cents.
The material has been provided by InstaForex Company – www.instaforex.com
The New Zealand dollar sapped following Reserve Bank of New Zealand Governor Graeme Wheeler emphasized the unjustified, unsustainable currency was still considered the main criteria for intervention.
During the release of the 6th monthly Financial Stability report, the RBNZ head reiterated the central bank wanted to witness more downward movement in the exchange rate.
The kiwi tumbled to 73.72 US cents following Wheeler’s address, previously 74.03 US cents.
The material has been provided by InstaForex Company – www.instaforex.com
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