By Pattrick SmellieThe New Zealand dollar faltered against the yen after a US missile strike against the Syrian regime, sapping risk appetite and stoking demand for safe-havens such as Japan's currency and US Treasuries. The kiwi fell to 77.05 at 5pm today from 77.17 at the start of the day, leaving it little changed from 77.04 on Thursday. It was a risk-off event - the yen was the sharpest mover, and US Treasuries," said Imre Speizer, senior markets strategist at Westpac Banking. It rose to 55.93 British pence from 55.82p and gained to A92.60c from A92.33c, as the Aussie dollar fell more sharply against the yen. The kiwi rose to 4.8111 yuan from 4.8073 yuan.

Source: New Zealand Herald April 07, 2017 07:52 UTC