NZ dollar slides to 7-mth low vs. yen amid speculation BOJ won't intervene

Thu, 07 Apr 2016

By Tina Morrison April 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level against the yen in more than seven months as risk aversion increased the allure of the Japanese currency amid speculation the country's central bank won't intervene to push it lower. The kiwi touched 72.87 yen and was trading at 73.45 yen at 8am in Wellington, from 74.43 yen yesterday. The local currency slipped to 67.78 US cents from 68.24 cents yesterday. The New Zealand dollar has dropped 4.6 percent against the yen so far this week as traders...

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