Mohammad Forouzani

Little Kiwi gets a Big Spanking

Posted on 20. Aug, 2007 by forouzani.

After many months of arguably unjustified strength, the New Zealand Dollar has finally collapsed. On Thursday 16th August, the NZD lost 400pips to the USD, its greatest one day fall ever. Across the ocean, the Australian Dollar was doing even worse… so bad in fact, that the Reserve Bank of Australia intervened to try and [...]

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The kiwi continues to rise

Posted on 09. Jul, 2007 by forouzani.

A month after the RBNZ intervened to devalue the NZD, the New Zealand Dollar is stronger than it has ever been in the past. With the interest at a whopping 8%, the influx of foreign investment isnt receding anytime soon. Even though the Bank of Japan has started to raise interest rates, loan demand appears [...]

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Reserve Bank of NZ intervenes in the FX market to devalue the NZD

Posted on 11. Jun, 2007 by forouzani.

Today RBNZ intervened in the foreign exchange market, for the first time in decades, to drive down the value of the NZD. This is the first time the government has ever had to do this since the NZD was floated in 1985. In an unprecedented move, bank governor Alan Bollard announced he had sold kiwi [...]

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