(Bloomberg) -- New Zealand's central bank will sell
its currency again should it climb 1 percent against the
currencies of its trading partners, ANZ National Bank Ltd. said.
The Reserve Bank of New Zealand intervened on June 11 as
the trade-weighted index, which measures the local dollar
against the currencies of its five largest trading partners,
reached 74.48, the highest since December 2006. The index fell
1.8 percent after the central bank attempted to cap gains it
said were ``unjustified.''
Read more at Bloomberg Currencies News
its currency again should it climb 1 percent against the
currencies of its trading partners, ANZ National Bank Ltd. said.
The Reserve Bank of New Zealand intervened on June 11 as
the trade-weighted index, which measures the local dollar
against the currencies of its five largest trading partners,
reached 74.48, the highest since December 2006. The index fell
1.8 percent after the central bank attempted to cap gains it
said were ``unjustified.''
Read more at Bloomberg Currencies News
No comments:
Post a Comment