NZ dollar rises as optimism about Ukraine ceasefire increases allure of riskier currencies

Wed, 03 Sep 2014

By Tina Morrison Sep. 4 (BusinessDesk) - The New Zealand dollar advanced on optimism a ceasefire could be agreed in Ukraine, improving the outlook for global growth and increasing the allure of riskier currencies. The kiwi rose to rose to 83.27 US cents at 8am in Wellington from 82.94 cents at 5pm yesterday. The trade-weighted index edged up to 78.73 from 78.63 yesterday. Investors' appetite for riskier currencies, such as the kiwi, increased after reports Russian and Ukrainian leaders had agreed on steps toward a cease-fire in eastern...

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