RBNZ Wheeler –
- Says welcomes move to more sustainable exchange rate
- Would welcome move to more sustainable exchange rate
- Says exchange rate level unjustified, unsustainable
- Unsustainablility is a factor in intervention feasability
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Headlines on Bloomberg and Reuters
these comments are from a Reserve Bank of New Zealand emailed statement on the exchange rate
Here is the full text: Why the NZ exchange rate is unjustified and unsustainable
Actually, that’s a media statement, here is the full text: New Zealand’s Exchange Rate : Why the Reserve Bank believes its level is unjustified and unsustainable
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NZD getting a good smacking on Wheeler’s comments. Its dropped 45+ points, currently around 0.8029, to a 12-month low now
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Added – lower again, and dragging AUD lower with it
