NZ dollar dips as rumour of White House departure, Spanish terror attack sap risk appetite

Thu, 17 Aug 2017

By Paul McBeth Aug. 18 (BusinessDesk) - The New Zealand dollar slipped back below 73 US cents as investors' appetite for riskier assets waned as rumours circulate that the US national economic council chief Gary Cohn might resign and as Spain became the latest target of a terror attack. The kiwi fell to 72.86 US cents as at 8am in Wellington from 73.28 cents yesterday. The trade-weighted index declined to 76.88 from 77.13. The Chicago Board Options Exchange's volatility index jumped 32 percent to 15.55 and stocks on Wall Street dropp...

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