NZ dollar slips against yen as jitters over Italy reduces risk appetite

Tue, 29 May 2018

By Rebecca Howard May 29 (BusinessDesk) - The New Zealand dollar fell against the yen as investors take risk off the table due to ongoing political turmoil in Italy, in particular, concerns about what a new round of Italian elections might bring. The kiwi fell to 75.61 yen as at 5pm in Wellington from 75.88 yen as at 8am and 76.07 yen late yesterday. It traded at 69.33 US cents from 69.35 as at 8am and 69.51 cents late yesterday. Markets turned to the safe-haven yen on jitters about the prospect of fresh elections after the anti-est...

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