NZ dollar gains on signs of recovery in risk appetite

Tue, 03 Apr 2018

By Rebecca Howard April 3 (BusinessDesk) - The New Zealand dollar pared some of its overnight losses against the greenback as risk aversion eased slightly in Asian trading although investors remain jittery about a possible global trade war. The kiwi dollar traded at 72.26 US cents from 72.17 US cents as at 8am in Wellington and 72.34 cents late yesterday. The trade-weighted index was at 74.20 from 74.19. The kiwi eased overnight after China retaliated over US tariffs, sapping risk appetite. US equity markets also sold off sharply as Ch...

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