NZ dollar rises to two-week high vs. yen on improved risk appetite

Tue, 11 Feb 2014

By Tina Morrison Feb. 12 (BusinessDesk) – The New Zealand dollar touched a two-week high against the yen today as investor concerns about emerging markets abated and after a key address by new Federal Reserve chair Janet Yellen failed to ruffle markets. The kiwi rose as high as 85.63 yen early this morning, and was trading at 85.43 yen at 8am from 84.78 yen at 5pm yesterday. The local currency advanced to 83.28 US cents from 83.00 cents yesterday after Yellen signalled no change to the Fed’s policy path in her testimony to Congress. Investo...

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