NZ dollar falls to week low as investors shun riskier assets on oil, inflation declines

Tue, 13 Jan 2015

By Tina Morrison Jan. 14 (BusinessDesk) - The New Zealand dollar fell to a week low as investors eschewed riskier investments on concern about the global economic outlook amid weak inflation as oil prices fall. The kiwi touched 77.09 US cents and was trading at 77.18 cents at 8am in Wellington from 77.86 cents at 5pm yesterday. The trade-weighted index fell to 78.65 from 79.24 yesterday. Investors are favouring safe haven currencies such as the yen and eschewing riskier bets like the kiwi on concern about global economic growth. Oil pr...

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