NZ dollar advances as investors favour risk sensitive assets after Crimea, Yuan fears ease

Mon, 17 Mar 2014

By Tina Morrison March 18 (BusinessDesk) – The New Zealand dollar rose as investors returned to more risk sensitive assets as fears over an escalation of tension in Ukraine proved unfounded and markets were relatively stable after China widened the trading band of its currency. The kiwi increased to 85.67 US cents at 8am in Wellington from 85.32 cents at 5pm yesterday. The trade-weighted index gained to 79.92 from 79.70 yesterday. Risk sensitive assets such as equities and the New Zealand dollar advanced after investors were becalmed by the...

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