NZ dollar heads for 0.8% weekly fall as Iraq, Ukraine sap risk appetite
By Paul McBeth
Aug. 8 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent weekly decline as heightened geo-political tensions in Iraq and the Ukraine sap investors' appetite for risk-sensitive assets.
The kiwi fell to 84.45 US cents at 5pm in Wellington from 85.16 cents on Friday in New York last week. It traded at 84.84 cents at 8am and 84.56 cents yesterday. The trade-weighted index declined to 79.26 from 79.39 yesterday, and is heading for a 0.5 percent weekly fall from 79.67.
A BusinessDesk survey of eight traders...
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