NZ dollar falls as investors shun riskier assets and favour traditional havens

Tue, 14 Jun 2016

By Tina Morrison June 15 (BusinessDesk) - The New Zealand dollar fell as investors shunned higher risk assets amid uncertainty ahead of the Federal Reserve interest rate decision and the British referendum on European Union membership. The kiwi dropped to 70 US cents at 8am in Wellington, from 70.27 cents at 5pm yesterday. The trade-weighted index edged down to 74.98 from 75.03. The US dollar index, which measures the greenback against a basket of currencies, advanced as investors shun riskier assets such as the kiwi and the Aussie cur...

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