NZ dollar rises as risk appetite improves, election jitters abate

Mon, 18 Sep 2017

By Rebecca Howard Sept. 18 (BusinessDesk) - The New Zealand dollar gained as investors became more sanguine about the outcome of Saturday's election, regardless of who wins and as risk appetite improved in Asia. The kiwi traded at 73.12 US cents at 5pm in Wellington from 72.80 US cents at the start of the day and from 72.88 cents in New York on Friday. The trade-weighted index was at 76.08 from 75.91 on Friday. Investors had sold down kiwi on pre-election jitters after the polls showed a very close race. Some of those nerves, however,...

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