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[sharechat] Let the Intervention begin ...


From: "Baa Baa" <baa_baa@hotmail.com>
Date: Tue, 06 Apr 2004 20:15:48 +0000


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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