RBNZ keeps out of FX markets in September, may have another go pushing kiwi lower

Thu, 30 Oct 2014

By Paul McBeth Oct. 30 (BusinessDesk) - The Reserve Bank wasn't actively trying to influence foreign exchange markets in September, based on its transactions, though it may be poised for another intervention after the Federal Reserve outlined its path to higher interest rates, fuelling demand for the greenback. New Zealand's central bank had a net outflow of $30 million in September, following August's $521 million net sale of local currency, according to RBNZ data. Governor Graeme Wheeler today reiterated his view that the kiwi's strengt...

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