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![Brian Fallow: Wheeler fires exchange rate warning shot](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Brian Fallow: Wheeler fires exchange rate warning shot
Graeme Wheeler pointedly reminded us of his power to intervene if the kiwi dollar continues to climb while export commodity prices fall, writes Brian Fallow.
![RBNZ may intervene to sell currency - Wheeler](/pf/resources/images/placeholders/placeholder_l.png?d=793)
RBNZ may intervene to sell currency - Wheeler
The kiwi dollar dropped half a cent after the Reserve Bank governor said the bank may sell the currency should it remain high while export prices weaken.
![Trade surplus widens as dairy drives exports into China](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Trade surplus widens as dairy drives exports into China
New Zealand's trade surplus widened in March as Chinese demand for dairy continues to soar, driving annual export receipts to new records.
![Interest rates hiked to 3pc](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Interest rates hiked to 3pc
The Reserve Bank has increased the Official Cash Rate by 25 basis points to 3 per cent this morning.
![Reserve Bank may have rethink](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Reserve Bank may have rethink
Another rise in the official cash rate, to 3 per cent, on Thursday is seen as a virtual certainty.