New Zealand dollar gets lift against yen as risk aversion subsides

Tue, 15 Aug 2017

By Rebecca Howard Aug. 15 (BusinessDesk) - The New Zealand dollar got a lift against the yen, benefiting from resurgent risk appetite after North Korea's leader seemed to back down from plans to fire a missile near Guam. The kiwi rose to 80.49 yen as at 5pm in Wellington from 79.90 yen as at 8am and from 80.03 yen yesterday as the Japanese currency, normally seen as a safe haven, fell on the abating risk aversion. The local currency traded at 73.01 US cents versus 73.07 cents yesterday. North Korea's leader Kim Jong Un received a repo...

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