NZ dollar rises to 4-month high vs. Russian ruble on rising tensions over Ukraine

Sun, 31 Aug 2014

By Tina Morrison Sep. 1 (BusinessDesk) - The New Zealand dollar rose to a four-month high against the ruble on concern Russia may face more sanctions over Ukraine, further denting the fragile Russian economy. The kiwi touched a high of 31.14 rubles and was trading at 30.95 rubles at 8am in Wellington, from 30.83 rubles at 5pm on Friday. The local currency was little changed at 83.58 US cents from 83.59 cents at the New York close and 83.67 cents on Friday. US markets are closed for a Labor Day holiday today. An escalation of fighting i...

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