NZ dollar falls to three-month low vs. yen as investors spooked by China

Thu, 07 Jan 2016

By Tina Morrison Jan. 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level against the yen in more than three months as investors favoured the safe haven Japanese currency amid concerns about a slowing Chinese economy and weak commodity prices. The kiwi touched 77.44 yen, its lowest level since Oct. 5 last year, and was trading at 77.89 yen at 8am in Wellington, from 78.45 yen at 5pm yesterday. The local currency edged lower to 66.22 US cents from 66.37 cents yesterday. Investors have been piling into safe-haven assets su...

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