NZ dollar falls to 5-month low vs yen as Japan's currency gains on rising risk aversion

Wed, 12 Apr 2017

By Jonathan Underhill April 12 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the yen as geopolitical tensions sapped investors' risk appetite, driving more investors to Japan's currency. The kiwi dollar fell to 76.04 yen as at 5pm in Wellington, and earlier touched 75.86 yen, the lowest since Nov. 14, from 76.91 yen late yesterday. The kiwi slipped to 69.45 US cents from 65.54 cents and the trade-weighted index fell to 75.77 from 75.94. Reuters reported today that Chinese President Xi Jinping discussed the si...

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