NZ dollar falls as heightened uncertainty dents appetite for riskier assets

Wed, 24 Oct 2018

By Paul McBeth Oct. 25 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback as heightened volatility in financial markets weighed on risk-sensitive assets such as the kiwi. The local currency declined to 65.22 US cents as at 8am in Wellington from 65.61 cents yesterday. The trade-weighted index decreased to 71.67 from 71.91. Stocks on Wall Street were weaker with the Dow Jones Industrial Average down 1.3 percent in late trading as heightened uncertainty over global growth encouraged investors to seek more...

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