NZ dollar weakens as investors shed commodity currencies

Sun, 13 Dec 2015

By Tina Morrison Dec. 14 (BusinessDesk) - The New Zealand dollar declined as investors sought safe haven investments after commodity prices weakened and amid investor nervousness ahead of the Federal Reserve's interest rate review this week. The kiwi traded at 67.25 US cents at 8am in Wellington from 67.19 cents at the New York close, down from 67.48 cents on Friday. The trade-weighted index slid to 73.24 from 73.36 on Friday. Commodity-linked currencies such as the kiwi and Australian dollars fell after oil plunged to its lowest in mo...

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