NZ dollar follows oil prices, equity markets lower as risk appetite wanes

Tue, 26 Jan 2016

By Paul McBeth Jan. 26 (BusinessDesk) - The New Zealand dollar followed oil prices and Asian stock markets lower as investors remained nervous about their exposure to risk-sensitive assets, in a market thinned out by an Australian holiday. The kiwi slipped to 64.57 US cents at 5pm in Wellington from 64.80 cents at 8am, and 65.15 cents yesterday. The trade-weighted index declined to 71.28 from 71.76 yesterday. Commodity-linked currencies including the kiwi, Australian and Canadian dollars remained weak through the Asian trading session...

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