NZ dollar falls vs yen; investors seek haven in heightened volatility

Thu, 18 Oct 2018

By Paul McBeth Oct. 19 (BusinessDesk) - The New Zealand dollar fell against a stronger yen as weaker equity markets and expectations of further US interest rate rises pushed investors toward 'safe haven' assets. The kiwi declined to 73.43 yen as at 8am in Wellington from 73.71 yen yesterday. It was little changed at 65.46 US cents form 65.51 cents. The Dow Jones Industrial Average fell 1.4 percent in late trading as expectations for higher US interest rates were reaffirmed by minutes to the Federal Reserve's last policy review. Vol...

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