Kiwi gains on currency speculation

Source: WBP Online
The New Zealand Dollar gained against the Greenback after reaching six-month low caused, as experts explain, by Reserve Bank of New Zealand intervention. Experts predicted even further RBNZ attempts to decrease high value of the Kiwi, as a way to fuel the export demand in the light of declining fundamentals and negate the negative effect of declining dairy prices (40% since the February this year). Experts await RBNZ reserve statistics to determine whether currency market intervention did occur. The Kiwi climbed by 0.33% to $0.8357.
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Wed, 27 Aug 2014 08:39:04 GMT

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