Skip to content
Subscriber Only

Kiwi Leads Currency Gains as Risk Appetite Rises on Putin Speech

New Zealand’s dollar led gains among major currencies as investor risk appetite rose and stocks rallied after President Vladimir Putin said Russia isn’t seeking to split Ukraine further after annexing its Crimea region.

The Australian dollar and South African rand climbed. Canada’s dollar fell versus all of its 31 major counterparts after central-bank Governor Stephen Poloz said the risk of “secular stagnation” in the economy threatens growth. China’s yuan had the biggest three-day loss since at least 2007 amid concern financial risk is rising.