NZ dollar holds loss as Ukraine tension stokes risk aversion

Mon, 03 Mar 2014

By Paul McBeth March 3 (BusinessDesk) - The New Zealand dollar held its loss in local trading as heightening tensions in Ukraine weighed on investors’ appetite for higher-yielding assets. The kiwi traded at 83.53 US cents at 5pm in Wellington from 83.54 cents at 8am, down from 84.21 cents on Friday in New York. The trade-weighted index fell to 78.40 from 78.65 at the New York close. Stocks across Asia fell as investors sold down risk-sensitive assets as political leaders condemned steps by Russia to take control of the Crimean peninsula i...

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