NZ dollar recovers some ground after Friday's sell-off as risk appetite revives

Mon, 19 Sep 2016

By Jonathan Underhill Sept. 19 (BusinessDesk) - The New Zealand dollar recovered some ground from Friday's sell-off as investors regained some of their risk appetite and resumed the hunt for yield. The kiwi traded at 72.97 US cents as at 5pm in Wellington, up from as low as 72.48 cents in the wake of the US inflation data on Friday and from 73.02 cents before the figures were released. The trade-weighted index recovered to 77.86, still below the 77.99 level it was at before Friday's inflation figures. Traders are looking ahead to a tri...

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