NZ dollar rises to week-high as sentiment improves, increasing demand for risky currencies

Thu, 06 Feb 2014

By Tina Morrison Feb. 7 (BusinessDesk) – The New Zealand dollar rose to a week high as sentiment improved, turning investor attention to riskier assets such as the kiwi. The kiwi touched 82.82 US cents this morning, and was at 82.68 cents at 8am in Wellington from 82.38 cents at 5pm yesterday. Concern about emerging market weakness has abated, pushing up European and US equities, US interest rates and increasing demand for the Aussie, kiwi and emerging currencies. Demand fell for safe haven assets such as the yen. “The only obvious explan...

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