NZ dollar gains vs yen as rising investor confidence dims safe-haven attraction

Tue, 09 May 2017

By Paul McBeth May 10 (BusinessDesk) - The New Zealand dollar gained against the yen as upbeat investor confidence dimmed demand for the relative safety of Japan's currency and held its own against a stronger greenback ahead of tomorrow's interest rate review. The kiwi rose to 78.45 yen as at 8am in Wellington from 78.17 yen yesterday and traded at 68.95 US cents from 69.02 cents. A calming in geopolitical tensions has seen investors regain confidence as electoral and military uncertainty abates, although commodity prices with weak i...

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