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Bollard crushes the New Zealand dollar with one email!
By Sean Hyman | March 31, 2009
Bollard just sent out an email that stated that their long term rates were too high and that they could go lower in such a bad recession…and they could stay low for an extended period of time. That came from the Bloomberg terminal. I haven’t seen this in a lot of places yet, so figured I’d spread the word. He’s jawboning, trying to get the kiwi dollar rate down. It took down NZD/USD, NZD/JPY and brought up AUD/NZD upon the announcement.
Tags: AUD, dollar, dow, jpy, Kiwi, lot, lower, nzd, rate, recession, Sean Hyman, ssi, time, USD
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