NZ dollar weakens on risk aversion, yen also weak

Thu, 24 Jan 2013

Jan. 25 (BusinessDesk) – The New Zealand dollar is lower on Friday morning after risk aversion rose on concerns about nuclear testing by North Korea, but it rose against a weak Japanese yen. The kiwi was at 83.80 US cents at 8am, down from 84.32 cents at 5pm on Thursday. After touching 84.40 cents yesterday it has fallen as low as 83.70 cents. “It was a night punctuated by Japanese yen weakness and a bit of risk aversion coming out of North Korea,” Alex Hill, strategist at HiFX said. There was a big selloff in the yen after a Japanese politi...

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