Don't pick a currency war when you're only armed with a slingshot
Any RBNZ currency intervention would be like going into battle with a slingshot against a tank squadron.
Ramped-up calls to “do something” about the high New Zealand dollar can be expected over coming months.
They have, in fact, already started, as the kiwi has begun creeping higher against the US currency.
If, as expected, the US Federal Reserve launches a further wave of quantitative
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Rob Hosking
Mon, 13 Aug 2012
Mon, 13 Aug 2012
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Don't pick a currency war when you're only armed with a slingshot
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