Forum Archive Index - April 2004
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[sharechat] Let the Intervention begin ...
NZ Herald, today:
" ... Late yesterday afternoon MPs voted by 84 to 35 to end the 19-year era
of the clean float of the New Zealand dollar."
--->let the intervention begin. LOL!
" ... The New Zealand dollar closed below US65 cents today, losing nearly
three quarters of a cent in 24 hours. The kiwi was sent lower along with
other counter-dollar currencies as the United States dollar continued to
flex its muscles in the wake of Friday's robust jobs data. The kiwi finished
on US64.81c - around a half a cent lower than its 2004 starting level".
--->on the end of a whipping hose. Ye Gods. Intervene, yeah, that's the
ticket!
Crikey,
BAA
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