NZ dollar falls to two-week low vs. yen as investors wind back bets on BOJ stimulus

Tue, 08 Apr 2014

By Tina Morrison April 9 (BusinessDesk) – The New Zealand dollar fell to a two-week low against the yen as investors pared back expectations the Bank of Japan will soon introduce more stimulus. The kiwi fell as low as 88 yen this morning, and was trading at 88.15 yen at 8am from 88.86 yen at 5pm yesterday. The local currency benefited from a weaker greenback, touching a week-high of 86.81 US cents, and was trading at 86.71 cents at 8am from 86.31 cents yesterday. The Japanese currency was the best performer overnight after the nation’s cen...

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