REBECCA HOWARD: High-flying kiwi won't be grounded by RBNZ jawboning

Tue, 01 Sep 2020

Reserve Bank governor Adrian Orr may try to talk down the high-flying kiwi dollar in a speech tomorrow but he will be pushing against a global tide. The governor will speak on the bank's monetary policy response to covid-19 – both during and following the immediate shock. Traders and economists say Orr may try and talk down the kiwi dollar, which yesterday reached a 2020 high. Jawboning is a “distinct possibility,” said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. Given recent events “I would not b...

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