NZ dollar extends decline as Syrian conflict erodes investors’ risk appetite

Wed, 28 Aug 2013

By Paul McBeth Aug. 28 (BusinessDesk) - The New Zealand dollar extended its decline in local trading as the growing likelihood of a Western military strike on Syria erodes investors’ appetite for higher yielding, or riskier, assets. The kiwi dollar fell to 77.67 US cents at 5pm in Wellington from 77.98 cents at 8am and 78.13 cents yesterday. The trade-weighted index fell to a two-month low 73.08, trading at 73.33 at 5pm from 73.79 yesterday. Oil and precious metal prices rallied as investors flocked to safe haven assets amid heightening te...

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