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Forex Flash: The RBNZ will not intervene - TDS

To the question of whether the RBNZ will intervene or not, Alvin Pontoh, Asia-Pac Macro Strategist at TD Securities, answers with an outright "No".
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The recent fall in the New Zealand Dollar vs the Greenback has had two main drivers behind. Firstly, the perception that the RBNZ may be shifting its focus toward a more interventionist role to avoid the appreciation of the currency. Secondly, the FOMC minutes induced-rally, which saw the US Dollar gain across the board on Wednesday.
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