NZ dollar gains as investors assess the possibility of western military action in Syria

Wed, 28 Aug 2013

By Tina Morrison Aug. 29 (BusinessDesk) – The New Zealand dollar rose after investors increased their appetite for riskier assets as western powers weighed the possibility of military action in Syria. The kiwi advanced to 77.90 US cents at 8am in Wellington, from 77.58 cents at the 5pm market close yesterday. The trade-weighted index rose to 73.64 from 73.33 yesterday. Investors are eyeing the likelihood of intervention in Syria as the UK plans to seek authorization for Western military action at the UN Security Council which Russia called p...

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