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.

Exchange Rate Graphs

NZD/USD (US Dollar)

Intraday Data

1 comment:

Kiwi Trader said...

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!