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New Zealand ready to join the ‘currency war’

Reserve Bank of New Zealand Governor Graeme Wheeler announces he is ready to intervene on behalf of the New Zealand dollar should the situation demand a serious change

By Richard Nehme | Feb. 21, 2013 12:09 GMT
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Early Wednesday morning, Reserve Bank of New Zealand Governor Wheeler spoke on the nation’s currency. Wheeler took a strong turn by suggesting he was ready to join the currency war and that he was ready to intervene on behalf of the New Zealand dollar should the situation demand a serious change. GBP/NZD saw it hit a high of 1.8398 during the course of the day with a low of 1.8217 [...]

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