Wed, 08 Aug 2012

New Zealand dollar on the clmb

interest.co.nz Bernard Hickey tells RadioLIVE's Marcus Lush the NZ$ heads over 82 USc despite falling commodity prices, it's worth having a look at how successful the Reserve Bank's interventions to pull the NZ$ lower in 2007 and 2008 were. They actually made a net profit of NZ$411 million.Also today, Warwick McKibbon, a former board member at the Reserve Bank of Australia, called for the RBA to intervene to push the Australian dollar down to offset all the A$ buying by foreign central banks.Wages in the June quarter only just kept ahead of inflation.And Apple almost decided not to make the iPhone after struggling to stop people accidentally turning on the smart phone with their ears and cheeks, according to Steve Jobs right hand man. 8 August, 2012

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