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PM John Key's comments cause NZD meltdown

Written by Sam Coxhead on March 2nd, 2011.      0 comments

3:00 PM (NZT) PM John Key has made some comments to Bloomberg news that has sent the NZD tumbling to lows since the Christchurch earthquake. He commented that a drop in the benchmark interest rate would be welcomed as the economy deals with the earthquake.
 
The NZD has fallen in dramatic fashion on lows against all major trading partners. And is currently on the lows.
 
Currently the levels are :

NZD/USD .7395
NZD/AUD .7317
AUD/NZD 1.3667
NZD/GBP .4550
NZD/EUR .5371
NZD/JPY 60.60
NZD/CAD .7212
 

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