New Zealand’s government isn’t prepared to sell the nation’s currency to relieve pressure on exporters and manufacturers, Finance Minister Bill English said. “We’re not willing to take the kind of huge risks involved in large scale speculation in the exchange rate with taxpayer dollars,” English told reporters in Wellington today. “To influence the exchange rate you need a couple of hundred billion U.S. in the bank so they take you seriously. We’d be out in the war zone with a peashooter.” Central bank Governor Graeme Wheeler last month said the currency was overvalued and was undermining profitability for exporters ... (full story)