NZ dollar dips below 69 US cents as risk appetite, commodity prices fall

Mon, 13 Nov 2017

By Jonathan Underhill Nov. 14 (BusinessDesk) - The New Zealand dollar fell back below 69 US cents after measures of risk appetite and global commodity prices declined and optimism grew that US tax reforms are progressing. The kiwi dollar dropped to 68.98 US cents as at 8am in Wellington from 69.18 cents late yesterday. The trade-weighted index fell to 73.29 from 73.44. The Chicago Board Options Exchange Volatility Index (VIX), sometimes known as Wall Street's fear gauge, fell 1.6 percent from its highest level in about three weeks over...

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