NZ dollar soars to 11-month high as investors favour risk assets

Tue, 18 Mar 2014

By Tina Morrison March 19 (BusinessDesk) – The New Zealand dollar jumped to an 11-month high, making it the best performing major currency overnight, as investors turned to riskier assets after Russia indicated it doesn’t intend to claim further territory in Ukraine. The kiwi touched 86.40 US cents early this morning, its highest level since April, and was trading at 86.28 cents at 8am in Wellington, from 85.63 cents at 5pm yesterday. The trade-weighted index touched a new post-float high of 80.51 and was at 80.39 at 8am from 79.87 yesterday....

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