Kiwi dollar steady as markets await Brexit developments

Mon, 21 Oct 2019

The kiwi was steady as markets await further developments on the Brexit front. The kiwi was trading at 49.32 British pence at 7:55 am in Wellington from 49.30 late Friday in New York. It was at 63.78 US cents from 63.83 cents and the trade-weighted index was at 70.52 from 70.55. Brexit ructions continued over the weekend with UK Prime Minister Boris Johnson forced to send a letter to the European Union requesting a delay. Johnson sent the request note as required, but unsigned, and added another signed letter arguing against the delay...

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