New Zealand Dollar Tumbles After Earthquake

The New Zealand dollar slumped today against all other 16 most-traded currencies after the earthquake strengthened the risk-aversion mood on the markets.

The earthquake of 6.3-magnitude resulted in multiple deaths and ruined buildings. The tragedy intensified the risk aversion sentiment that already was bolstered by the tension in North Africa and Middle East.

NZD/USD dropped from 0.7635 to 0.7491 as of 16:28 GMT today after it reached earlier the intraday low of 0.7454.

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