NZ dollar dips below 65 US cents as investors favour safe-haven assets

Mon, 16 Nov 2015

By Tina Morrison Nov. 17 (BusinessDesk) - The New Zealand dollar fell below 65 US cents as investors spooked by terrorism attacks in Paris favour so-called safe haven assets. The kiwi touched a six-week low of 64.66 US cents, and was trading at 64.92 cents at 8am in Wellington, from 65.27 cents at 5pm yesterday. The trade-weighted index dropped to 70.99 from 71.27 yesterday. Investors are seeking the safety of the greenback and the yen and eschewing commodity-linked currencies such as the kiwi following Friday's terrorist attacks in Pa...

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