NZ dollar falls as US, North Korean tensions ease, stoking risk appetite

Mon, 14 Aug 2017

By Paul McBeth Aug. 15 (BusinessDesk) - The New Zealand dollar fell against the greenback as cooling panic over tensions between the US and North Korea reinvigorated risk appetite, prompting a recovery in stocks on Wall Street. The kiwi declined to 72.86 US cents as at 8am in Wellington from 73.07 cents yesterday. The trade-weighted index slipped to 76.86 from 76.93 yesterday. Wall Street's 'fear gauge' - the Chicago Board Options Exchange's volatility index - fell 20 percent to 12.38 as the White House moved to quell fears nuclear w...

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