NZ dollar may fall amid escalating Iraqi violence

Mon, 16 Jun 2014

By Suze Metherell June 16 (BusinessDesk) - The New Zealand dollar may fall this week as growing Middle East tensions weigh on investor confidence. The kiwi increased to 86.84 US cents at 5pm in Wellington from 86.68 at 8am and 86.66 cents at 5pm in Wellington on Friday. The trade-weighted index edged up to 80.85 from 80.68 last week. Investors sought relatively safe assets, lifting the price of gold to a three-week high, as increasing violence in Iraq, where Prime Minister Nouri al-Maliki is seeking to regain territory held by the bre...

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