NZ dollar extends slide after Reserve Bank confirms intervention, jobs data looms

Wed, 08 May 2013

By Tina Morrison May 9 (BusinessDesk) -The New Zealand dollar extended its slide after the central bank yesterday said it had sold the currency to limit rallies, and ahead of employment figures today. The kiwi fell to 83.87 US cents from 83.97 cents at 5pm yesterday, after dropping as low as 83.62 following the Reserve Bank confirming its currency intervention. The trade-weighted index dropped to 77.5 from 77.66. Central bank governor Graeme Wheeler told politicians the bank had intervened in currency markets by an undisclosed amount to "pot...

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