NZ dollar falls as investors sell riskier assets on emerging market concerns

Sun, 02 Feb 2014

By Tina Morrison Feb 3 (BusinessDesk) – The New Zealand dollar touched a five-month low as investors sold riskier assets on concern emerging markets and so-called risk assets will falter should global growth slow. The kiwi touched 80.61 US cents over the weekend, its lowest since Sept. 11 last year. The local currency was trading at 80.73 cents at 8am in Wellington from 80.85 cents at the New York close and 81.50 cents at 5pm on Friday. The trade-weighted index slipped to 76.84 from 77.25 on Friday. An MSCI index of emerging market stocks ha...

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