• Prime Minister John Key has indicated he thought the New Zealand dollar’s fair falue was around 65 USc and that it would be logical for the Reserve Bank to intervene to push the New Zealand dollar lower, given it was currently well above where it was fundamentally fairly valued.
  • Key made the comments to reporters in Parliament
  • However, he said he was not aware if the Reserve Bank had intervened, adding he expected any notice would be given to Finance Minister Bill English.

Report from Interest.co.nz

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Earlier: RBNZ report on August’s FX transactions – which will indicate if there was any intervention. Its due at 3pm New Zealand time … which given the switch to daylight saving time there on Sunday … means 0200GMT