NZ dollar gains as risk appetite recovers after Putin allays fears of imminent military action

Tue, 04 Mar 2014

By Tina Morrison March 5 (BusinessDesk) – The New Zealand dollar advanced as investors gained confidence that tensions in Ukraine were easing, stoking demand for risk-sensitive assets. The kiwi rose as high as 84 US cents early this morning and was trading at 83.73 cents at 8am in Wellington, from 83.64 cents at 5pm yesterday. The trade-weighted index increased to 78.72 from 78.60 yesterday. Global risk appetite returned after Russian president Vladimir Putin told a news conference he saw no need to use military force in Ukraine’s Crimea re...

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