NZD/USD (US Dollar) Selected information derived from data supplied under licence by Reuters Limited
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13 minutes ago
Saturday, July 28, 2007
Surging Like a Stone
Adolf congratulates The Bollard for taking the steam out of the dollar. Speculators bale out and push the currency down to US$0.766 from $0.81 only two or three days ago. It was the commentary to the effect that the prospect of further increases is remote which did the trick.
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1 comment:
Nothing to do with the RBNZ.
Just luck that the same day the USD started to strengthen as risk aversion set in. There will be more to come yet!
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