NZ dollar dips as policymakers grumble over global currency volatility, US reopens

Tue, 16 Jan 2018

By Paul McBeth Jan. 17 (BusinessDesk) - The New Zealand dollar edged lower as Japanese and European policymakers raised concerns over excessive volatility in currency markets and as US investors returned from a long weekend. The kiwi decreased to 72.84 US cents from 72.91 cents yesterday while the trade-weighted index was at 74.99 from 75.07. US investors were back at work after the Martin Luther King Jr holiday on Monday, halting the sell-off in the greenback over recent days and taking stocks on Wall Street to new records. The euro...

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