RBNZ intervenes in currency market again - traders

Foreign currency traders say that the Reserve Bank of New Zealand again intervened in the market on 18 June. This follows a statement by the central bank last week acknowledging that it had done so for the first time since it set up a fund for stabilising the currency in 1990.

Market participants said that the Reserve Bank of New Zealand had sold a "large quantity" of the country's currency on Monday, 18 June in a continued effort to stem the appreciation of the New Zealand dollar, also known