More from the NZ media, with English talking about Wheeler’s ‘scaled up intervention’ comments:
- “In the long run you can’t pick your currency level, but the RB has sometimes intervened to knock the peak off the exchange rate,”
- “We’ve made it pretty clear we don’t believe it’s worth taxpayers taking substantial risks around trying to manage the exchange rate,”
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NZD/USD recovered somewhat in the New York session, but it, like everything else, is being pushed and pulled by movements in the Nikkei.
