NZ dollar falls as risk sentiment falters as geopolitical concerns in focus

Wed, 18 May 2016

By Jonathan Underhill May 18 (BusinessDesk) - The New Zealand dollar fell as global geopolitical uncertainties and stretched equity market valuations sapped risk appetite and demand for the currency of a country where interest rates are set to fall in coming months. The kiwi fell to 67.92 US cents as at 5pm in Wellington, from 68.07 cents late yesterday. The trade-weighted index rose to 72.81 from 72.67. The currency was buffeted by conflicting forces overnight, with a jump in US consumer prices adding to the case for a Federal Reserve...

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