NZ dollar heads for 0.9% weekly decline as global worries ease

Fri, 10 Jan 2020

The New Zealand dollar is headed for a 0.9 percent fall this week as the US dollar gained on the back of easing tensions between the US and Iran. Tensions rose when US President Donald Trump ordered a fatal drone strike on Iranian General Qassem Soleimani last week but investors were cheered when the situation didn’t escalate beyond Iran’s missile attack on two US military bases in neighbouring Iraq. The kiwi was trading at 66.13 US cents at 5pm in Wellington versus 66.48 cents at 5pm yesterday and 66.63 last Friday in New York. The trade...

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