RBNZ intervened quite aggressively in August

FXStreet (Bali) - During the month of August, net New Zealand dollars sold by the RBNZ stood at -521 million NZ Dollars, indicating a significant intervention given the relatively limited fire-power from the RBNZ.

Sep 29, 2014

NZ PM Key: Fair Kiwi value around 65 cents

New Zealand's Prime Minister Key said the fair level for NZD/USD is around 65 cents, adding that he agrees with the RBNZ in that the domestic currency is over-valued, while also noting that any sort of intervention to push the NZD lower "would be logical.

NZD/USD dumps on extraordinary sales of NZD

NZD/USD is trading at 0.7783, down -1.04% on the day, having posted a daily high at 0.7871 and low at 0.7757.