Talk of possible Reserve Bank of New Zealand intervention to sell the NZD won’t go away. I posted on it here: OK … time for the I word … RBNZ to intervene in the New Zealand dollar?
And there’s more here just from today:
- The market continues to mull the RBNZ’s words fromThursday, with chatter about possible intervention the main discussion point.
- The market will not have to wait long to see whether the RBNZ put its money where its mouth (arguably) is. The Bank is set to release its intervention statistics on Wednesday. This will only cover the month of June, so in the absence of any discernible selling, the market might simply assume intervention (if any) only began in July.
