NZ dollar falls as North Korea tensions sap risk appetite, yen gains as 'safe haven'

Thu, 10 Aug 2017

By Jonathan Underhill Aug. 11 (BusinessDesk) - The New Zealand dollar fell as the war of words between the US and North Korea sapped risk appetite and stoked so-called safe-haven currencies such as the yen. The kiwi fell to 72.80 US cents as at 8:30am in Wellington from 73.09 cents late yesterday. The kiwi was trading at 79.44 yen from 80.44 yen. North Korea has said it plans to fire missiles beyond Japan to the waters around the US territory of Guam in what may be retaliation for US President Donald Trump's off-the-cuff threat that t...

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