The Reserve Bank intervened to push the New Zealand dollar lower last month, selling NZ$521 million, official data released this afternoon shows.
It previously intervened in mid-2007 and again six months later, selling around NZ$4 billion over the two periods.
After the first intervention episode the exchange rate fell around 10 per cent on a trade-weighted basis. The impact of the second is harder to gauge as the global financial crisis soon followed, sending both export commodity prices and the kiwi lower.
This afternoon, the kiwi dropped to 77.64 US cents, the lowest level since Aug. 30 last year, after data showed the central bank sold a net $521 million into currency markets in August, confirming speculation based on jaw-boning rhetoric from the bank's governor, Graeme Wheeler, that it had been active in the market that month.
The currency had traded at 78.27 US cents immediately before the data release.
....作者: crazymouse 时间: 2014-9-29 16:51:38