Wednesday, June 27, 2007

New Zealand Dollar Drops as Central Bank Says It May Sell Currency Again

(Bloomberg) -- The New Zealand dollar fell to its
lowest in more than a week after the central bank said it may
continue to sell the currency.

Intervention is an ``ongoing process'' and the currency
will eventually fall to a ``more sustainable level,'' Deputy
Governor Grant Spencer said yesterday.


Read more at Bloomberg Currencies News

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