Arab Today, arab today nz dollar falls as risk appetite ebbs
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

NZ dollar falls as risk appetite ebbs

Arab Today, arab today

Arab Today, arab today NZ dollar falls as risk appetite ebbs

Washington - Arabstoday

The New Zealand dollar declined against the greenback and the yen as equities markets and commodities fell and figures showed the US economy is still growing only weakly. The kiwi dollar fell to 83.17 US cents from 83.42 cents at 5pm in Wellington on Thursday. The local currency sank to 77.36 yen from 77.97 yen. The Thomson Reuters/Jefferies CRB Commodity Index fell 1.1 percent on Thursday while Solid Energy\'s weak finances underlined the damage caused by falling prices of coal Stocks declined in Asia on Thursday and continued into Europe, where manufacturing and services were weak, and the US, where jobless claims rose, consumer prices flatlined and the Philadelphia Fed\'s business index dropped. \"That makes a combination of things that are risk-off\" for the kiwi, said Tim Kelleher, head of institutional FX sales at ASB Institutional. The trade-weighted index fell to 76.09 from 76.22. source:3news

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