- RBNZ says NZ currency level is unjustified, unsustainable
- RBNZ would welcome move toward more sustainable exchange rate
- Currency susceptible to significant downward adjustment
Unscheduled comments from the RBNZ, crossing on the wires now
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If you are a trader of the NZD you’ll be aware of the significant liquidity differences between it and the other ‘major’ trading currencies.
Some thing else to be aware of, in general, is this from the RBNZ’s website (bolding & underlining is mine):
- The Reserve Bank will advise of upcoming public speech releases, where possible.
- Public speeches will be released via the Bank’s normal channels, which include the speeches section of this website, the Bank’s ‘News’ email service, and its Twitter account. You can sign up to be alerted to upcoming speeches.
- The Bank gives a number of off-the-record speaking engagements, and not all speeches will be notified publicly ahead of delivery. Speaking events are usually hosted by other organisations, and are often invitation-only or closed to the public.
Of course, its not unusual to get out-of-the-blue comments, remarks, announcements etc. from any central bank, but the RBNZ does seem to employ this tool quite liberally.
