NZ dollar little changed as prospect of lower Deutsche Bank settlement quells market fears

Sun, 02 Oct 2016

By Paul McBeth Oct. 3 (BusinessDesk) - The New Zealand dollar was little changed as the prospect of a smaller settlement by Deutsche Bank with US authorities eased market fears a big penalty could have wider ramifications for the financial sector. The kiwi traded at 72.65 US cents at 8am in Wellington from 72.81 cents at the New York close on Friday and 72.64 cents at 5pm in Wellington. The trade-weighted index was at 77.13 from 77.17. The Chicago Board Options Exchange's Volatility Index, known as Wall Street's 'fear gauge', fell 5....

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