Currency war rages beyond control Currency Rhetoric Heats Up as Wheeler Warns on Kiwi- Bloomberg
The New Zealand dollar fell against its 16 major peers after Reserve Bank Governor Graeme Wheeler said “the kiwi is not a one-way bet.” After Japan’s leaders pledged steps to boost the economy that caused the yen to tumble, policy makers in South Korea and the Philippines are weighing curbs to capital inflows, while Norway’s central bank said it is ready to cut interest rates to counter the krone’s strength.
"There seems to be a sense that the gloves are off in terms of central-bank action in currency markets,”