NZ dollar rebounds as Iran, US step back from brink

NZ dollar rebounds as Iran, US step back from brink
Gavin Evans
The New Zealand dollar rebounded from a two-week low on signs the US and Iran may be trying to de-escalate their dispute after the Islamic republic launched missile attacks on two US bases in Iraq earlier today. The kiwi rose early this afternoon after Iran’s Foreign Minister Mohammad Javad Zarif said the attacks were a “proportionate” response to the US killing of Iranian General Qassem Soleimani in a drone strike in Iraq on Friday. “We do not seek escalation or war, but will defend ourselves against any aggression,” Zarif said on Twitte...

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