NZ dollar rises, an outlier amid rising Gulf tensions

Mon, 22 Jul 2019

By Jenny Ruth July 22 (BusinessDesk) - The New Zealand dollar was firmer but well within its recent range as the market focuses on escalating tensions in the Middle East after Iran seized a British-flagged tanker. The kiwi was trading at 67.74 US cents at 5pm in Wellington from 67.62 at 8am and 67.61 late Friday in New York. The trade-weighted rose to 74.05 points from 73.89. The Guardian newspaper reported signs that Iran is preparing for a long standoff and that British Foreign Secretary Jeremy Hunt is being pressured to join US-led...

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