NZ TWI rises to post-float record, raising chances RBNZ’s Wheeler will talk down the kiwi tomorrow

Tue, 11 Mar 2014

By Tina Morrison March 12 (BusinessDesk) – The trade-weighted index, which measures the New Zealand dollar relative to the currencies of major trading partners, rose to a post-float record, prompting speculation Reserve Bank governor Graeme Wheeler will try to talk down its value when he announces an interest rate hike tomorrow. The trade-weighted index jumped as high as 79.68 overnight, up from 79.50 yesterday and surpassing its previous high of 79.67 in April last year. It recently traded at 79.44. The New Zealand dollar slipped to 84.61 U...

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