Flash crash takes the kiwi dollar on a roller-coaster ride

Thu, 03 Jan 2019

By Jenny Ruth Jan. 3 (BusinessDesk) - The New Zealand dollar was little changed at the end of a wild roller-coaster day driven by a “flash crash” on global currency markets that was probably caused by computer-driven trading in thin, holiday-dampened activity. Meanwhile, overall negative sentiment was reinforced by a string bad news that sent investors fleeing to safe havens such as the US dollar. The kiwi was trading at 66.24 US cents at 5pm from a low at 65.88 earlier in the day, but little changed from 66.27 at 8.20am. The currency...

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