NZ dollar falls vs. yen as investors seek haven in face of oil's decline

Mon, 15 Dec 2014

By Jonathan Underhill Dec. 16 (BusinessDesk) - The New Zealand dollar fell against the yen, which gained against most major currencies as crude oil sank to a five-year low, as investors sought a haven from poor global risk sentiment. The kiwi fell to 90.94 yen from 91.92 yen in late local trading yesterday. The New Zealand dollar declined to 77.32 US cents from 77.43 cents. West Texas Intermediate for January delivery fell as low as US$55.87 a barrel on the New York Mercantile Exchange, the lowest since May 2009, after the United Arab...

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