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Reserve Bank looks to cool kiwi

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Graeme Wheeler hopes to diminish investor perceptions that the New Zealand dollar is a one-way bet. Photo / APN The Reserve Bank's intervention in the foreign exchange market last month amounted to selling $256 million, a sum economists said was too small to make much difference to the exchange rate. The Kiwi dollar rose US2c against the greenback last month compared with March and 2.5 per ...

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