Escalation of hostilities between Israel and Iran weighs on NZ markets

Tension in the Middle East is weighing on markets in NZ. (Image: AP)

Mon, 15 Apr 2024

The New Zealand dollar and share market are weaker early Monday as an escalation of hostilities between Israel and Iran weighs on risk appetite. The kiwi was trading at 59.38 US cents at 10am in Wellington versus around 60 US cents late Friday.Investors are on edge after scores of drones and missiles were fired at Israel, which Iran said was in response to an April 1 strike on its consulate in Syria.“These developments will weigh on investor risk appetite as Israel calibrates a response,” said BNZ senior interest rate stra...

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