NZ dollar steady as geopolitical tensions ease

Thu, 09 Jan 2020

The New Zealand dollar was largely steady as geopolitical tensions between Iran and the US eased further. Markets were cheered after US President Donald Trump responded to an Iranian attack on US forces in Iraq yesterday with sanctions, not further violence. Iran also offered no immediate indication of further retaliation. Its attack had followed the US killing of Iranian General Qassem Soleimani in Iraq last week. “We are in a bit of a reprieve,” said Martin Rudings, senior dealer foreign exchange at OMF. The kiwi was trading at 66.48...

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