NZ dollar treading water as markets focus on Iran

Sun, 21 Jul 2019

By Rebecca Howard July 22 (BusinessDesk) - The New Zealand dollar was largely unchanged as market tensions ramp up after Iran seized a British-flagged tanker. The kiwi was trading at 67.62 US cents at 8am in Wellington from 67.61 late Friday in New York. The trade-weighted index was at 73.89 from 73.87. Markets are jittery as they await a UK response after the Iranian Revolutionary Guards seized the Stena Impero in the Strait of Hormuz on Friday in apparent retaliation for the British capture of an Iranian tanker two weeks earlier. ...

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