NZ dollar edges higher as concerns over Saudi attack ease

Mon, 16 Sep 2019

By Jenny Ruth Sept. 16 (BusinessDesk) - The New Zealand dollar was a little stronger amid promising signs the attack on Saudi Arabia's major oil facilities will be contained and production swiftly restored. The kiwi was trading at 63.84 US cents at 5pm in Wellington from 63.68 cents at 7:55am. The trade-weighted index was at 70.72 from 70.60. Over the weekend, the Houthis, a Yemeni rebel group which is allied with Iran, claimed responsibility for attacks using drones on two Aramco facilities which halved Saudi production. While the...

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