NZ dollar jumps 1 US cent overnight as riskier assets return to favour

Tue, 04 Feb 2014

By Tina Morrison Feb. 5 (BusinessDesk) – The New Zealand dollar jumped 1 US cent overnight as investors gained back some confidence in economic growth, favouring riskier assets such as equities and higher yielding currencies. The kiwi touched a week-high of 82.25 US cents and was trading at 82.16 cents at 8am in Wellington from 80.94 cents at 5pm yesterday. The trade-weighted index advanced to 77.57 from 76.58. Investors returned to riskier assets overnight, pushing up emerging market currencies and damping demand for safe haven investments...

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