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Kiwi falls after Wheeler says he may use more currency intervention

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The New Zealand dollar fell after Reserve Bank governor Graeme Wheeler said yesterday he is prepared to keep intervening in foreign exchange markets to limit the rise of the local currency. The kiwi fell as low as 80.03 US cents, from 81.15 cents at 5pm yesterday, and recently traded at 80.76 cents. The trade-weighted index slipped to 75.89 from 76.41 yesterday. Mr Wheeler said the currency ...

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