NZ dollar gains as geopolitical fears wane, stoking risk appetite, demand for yield

Mon, 08 May 2017

By Jonathan Underhill May 8 (BusinessDesk) - The New Zealand dollar rose as waning geopolitical concerns revived investors' risk appetite and demand for growth-linked currencies offering higher returns. The kiwi dollar rose to 69.23 US cents as at 5pm in Wellington from 69.16 cents in New York on Friday. The trade-weighted index edged up to 75.39 from 75.27. So-called 'de-escalation' zones in major conflict areas of western Syria came into effect over the weekend as part of an initiative brokered by Russia and fighting between forces o...

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