NZ dollar may face volatility as investors eye escalating violence in Iraq

Sun, 15 Jun 2014

By Tina Morrison June 16 (BusinessDesk) - The New Zealand dollar could decline amid volatile trading on investor concern about escalating violence in Iraq. The kiwi was little changed at 86.68 US cents at 8am in Wellington from 86.61 cents at the New York close and 86.66 cents at 5pm in Wellington on Friday. The trade-weighted index edged up to 80.79 from 80.68 on Friday. Brent crude oil rose to its highest in nine months on Friday as violence spread in Iraq where Prime Minister Nouri al-Maliki is seeking to regain territory held by th...

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