RBNZ Governor Wheeler
New Zealand Dollar Volatility and Some Interesting Data Reports
October 14, 2015
A speech by Governor Wheeler of the Reserve Bank of New Zealand whip-sawed the kiwi. The currency initially fell 0.4% to as low as USD 0.6619 when the central bank head indicated that the Official Cash Rate probably will fall further, contingent on future economic news, but it then roared back to USD 0.6726, a […] More
Softer Kiwi and Dollar
May 8, 2013
In testimony, Governor Wheeler of the Reserve Bank of New Zealand disclosed that the central bank had conducted currency intervention recently to counter a significantly overvalued exchange rate. It’s been some five years since the bank last intervened. The kiwi has slipped 0.4% in response against its U.S. counterpart. The U.S. dollar otherwise has lost […] More
