NZ pumps in cash

New Zealand's Reserve Bank sold $US256 million into foreign exchange markets last month as it looked to trim the NZ dollar in April. RBNZ governor Graeme Wheeler said he was willing to increase his currency intervention as long as it worked. The NZ dollar rose to US86.77¢ in April, and has shed 6.6 per cent since, recently trading at US80.95¢.

New Zealand's Reserve Bank sold $US256 million into foreign exchange markets last month as it looked to trim the NZ dollar in April. RBNZ governor Graeme Wheeler said he was willing to increase his currency intervention as long as it worked. The NZ dollar rose to US86.77¢ in April, and has shed 6.6 per cent since, recently trading at US80.95¢.

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