New Zealand Prime Minister John Key comments
Headline crossing on the Bloomberg
(ps. ICYMI - Key is an ex bank forex trader. A very, very good one. He knows exactly what he is doing when making these types of comments)
Sourced from a report in NZ media:
Prime Minister John Key has expressed concern about the New Zealand dollar not falling after a slump in dairy prices in recent weeks, but he remains confident about the dairy industry's long term future."I am slightly surprised given what the futures are showing, and generally speaking when the globaldairytrade auction is down the currency comes down a wee bit and actually it's been rallying in the last 24 hours, so actually I am a little bit surprised more than concerned," Key said.Asked he was concerned about the Reserve Bank's reluctance to cut when others were cutting and creating a relative tightening here, he said: "Well, it's something for the Governor to keep his eye on. "
