NZ dollar little changed as risk aversion hangs over market

Mon, 27 Jan 2014

By Paul McBeth Jan. 27 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors spooked by problems in some emerging economies last week were reluctant to seek riskier assets, and as trading desks in Auckland and Australia were closed for public holidays. The kiwi traded at 82.22 US cents at 5pm in Wellington from 82.32 cents at 8am and 82.11 cents at the close of trading in New York on Friday. The trade-weighted index was almost unchanged at 77.88 from 77.86 last week. The volume of trading was light with A...

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