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From: | Capitalist <capitalist@paradise.net.nz> |
Date: | Wed, 07 Apr 2004 18:57:47 +1200 |
They ain't gonna intervene in the currency- they
don't have the resources. This is entirely smoke and mirrors, trying to talk the
currency down. Sabre rattling. Baaaa indeed ;-)
<<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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