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Research Results

Results for 'Intervention'

1 article with this tag name

Asia Session: Wheeler takes another shot at NZD

Updated  May 8, 2013 1:17:52 AM


RBNZ Governor Wheeler sparked a sell-off in the kiwi after he stated that the RBNZ has been selling NZ dollars and is capable of further intervention to weaken the kiwi. This isn’t the first time the Governor has talked about intervention, but the idea of being on the wrong side of the fence if the bank were to start heavily amassing foreign currency spooked the market. NZDUSD lost just fewer than 100 pips immediately after  [...] Continue Reading ...


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