NZ dollar little changed as yield advantage offsets risk aversion

Mon, 11 Aug 2014

By Paul McBeth Aug. 11 (BusinessDesk) - The New Zealand dollar was little changed as the currency's relatively attractive yield helped underpin the currency in the face of heightened risk aversion among investors. The kiwi traded at 84.67 US cents at 5pm in Wellington from 84.60 cents at 8am, and 84.56 cents on Friday in New York. The trade-weighted index edged up to 79.39 from 79.27 last week. New Zealand's currency has been a favourite among investors this year after a series of interest rate increases boosted its yield advan...

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