NZ dollar weaker amid heightened Middle East tensions; US data looms

Wed, 25 Jun 2014

By Suze Metherell June 25 (BusinessDesk) - The New Zealand dollar held at overnight lows in local trading after geopolitical tensions in the Middle East sapped demand for risk-sensitive assets, and ahead of US economic data. The kiwi was almost unchanged at 86.80 US cents at 5pm in Wellington, from 86.82 cents at 8am, and down 87.19 cents yesterday. The trade-weighted index dropped to 80.82 from 81.08 at 5pm yesterday. Stocks fell across Asia, following Wall Street's lead, as violence in Iraq escalated into cross-border hostilities wi...

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