Analyst: Risk aversion and small non-farm data boost the dollar

Odaily News The New Zealand dollar weakened against the U.S. dollar in Asian trading as U.S. President Joe Biden said on Wednesday that the Group of Seven is coordinating a response to Iran's attack on Israel, which includes new sanctions on Tehran. Investors continued to seek safety in the U.S. dollar, Maybank analysts said in a foreign exchange research and strategy report, noting that sanctions may be imposed. Analysts said better-than-expected U.S. ADP data also boosted the dollar. (Jinshi)