NZ dollar rises to 3-week high as Italy fears ease, risk appetite returns

Wed, 30 May 2018

By Jonathan Underhill May 31 (BusinessDesk) - The New Zealand dollar rose to a three-week high as reports of renewed efforts to form a government in Italy helped lift risk appetite and the euro. The kiwi dollar climbed to 69.89 US cents as at 8am in Wellington from 69.10 cents late yesterday. The kiwi traded at 59.91 euro cents from 59.86 cents and the trade-weighted index gained to 73.36 from 72.85 yesterday. Italy’s President Sergio Mattarella has attempted to broker a deal to form a new government, the Financial Times reported, hold...

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