Reserve Bank sells net $256m in April Wheeler prepared to ‘scale up’ intervention

The Reserve Bank sold a net $256 million into foreign exchange markets last month as it looked to trim the kiwi dollar's high points in April and governor Graeme Wheeler is willing to ramp up his currency intervention as long as it works. The bank reduced its foreign currency intervention capacity to $8.48 billion in April from $8.7 billion a month earlier, RBNZ figures show. That adds to ...