NZ dollar advances on demand for risk-sensitive assets

Wed, 11 Sep 2013

By Tina Morrison Sept 12 (BusinessDesk) – The New Zealand dollar advanced ahead of today’s Reserve Bank’s decision on interest rates and as investors favoured higher risk assets. The kiwi rose to 80.81 US cents at 8am in Wellington, from 80.35 cents at the 5pm market close yesterday. The trade-weighted index rose to 75.87 from 75.73 yesterday. The US dollar index, which measures the greenback against a basket of currencies, declined as investors favoured more risk-sensitive assets as the threat of a western military strike against Syria rece...

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