NZ dollar falls after RBNZ's Wheeler talks down intervention, quantitative easing

Fri, 26 Oct 2012

By Paul McBeth Oct. 26 (BusinessDesk) - The New Zealand dollar fell after Reserve Bank governor Graeme Wheeler talked down the prospects of intervening in currency markets and ruled out printing more money to stoke the local economic recovery. The kiwi fell to 81.80 US cents at 5pm in Wellington from 82.16 cents at 8am and 82.21 cents yesterday. The trade-weighted index declined to 73.10 from 73.34 yesterday. RBNZ's Wheeler told a business audience in Auckland that quantitative easing isn't needed in New Zealand and that there's more scope...

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