NZ dollar dips on Wheeler but pares losses as North Korea fears ease

Wed, 30 Aug 2017

By Rebecca Howard Aug. 30 (BusinessDesk) - The New Zealand dollar dipped briefly after Reserve Bank governor Graeme Wheeler made what may be his last official attempt to jawbone the kiwi lower before paring its losses as fears about North Korea's latest missile test receded in Asia. The kiwi was trading at 72.61 US cents as at 5pm in Wellington from 72.51 US cents as at 8am and from 72.25 cents late yesterday. The trade-weighted index rose to 75.89 from 75.66. The New Zealand dollar dipped to 72.34 US cents after Wheeler "couldn't res...

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