NZ dollar dips in jittery markets

Mon, 06 Jan 2020

The New Zealand dollar dipped in Asian trading as investors sought havens against a backdrop of rising tensions in the Middle East. The yen in particular continued to benefit and the kiwi was trading at 71.84 yen at 5pm in Wellington versus 72.00 late Friday in New York. It was at 66.50 US cents versus 66.63 cents. The trade-weighted index was at 72.88 from 72.96. Asian markets were volatile after Iran threatened to retaliate after General Qassem Soleimani, head of the Revolutionary Guards’ elite Quds Force, was killed in a US drone str...

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