NZ dollar falls against yen as investors seek havens

Thu, 25 Oct 2018

By Rebecca Howard Oct. 25 (BusinessDesk) - The New Zealand dollar fell against the safe-haven yen as global share markets slid further after a tech-led stock selloff in the US overnight. The kiwi traded at 73.09 yen at 5pm in Wellington from 73.27 yen at 8am and from 73.85 yen late yesterday. The kiwi traded at 65.22 US cents, unchanged from 8am but down from 65.61 cents yesterday. "It is struggling. The main focus is on the equity markets. I think it is still vulnerable to the downside" and could fall to 64.50 US cents, said Martin...

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