NZ dollar a tad weaker on ongoing Brexit uncertainty

Fri, 25 Oct 2019

The New Zealand dollar was slightly weaker as risk sentiment turned sour as Brexit ructions continue. The kiwi was trading at 63.82 US cents at 8:10 am in Wellington from 64.06 cents at 5pm. The trade-weighted index was at 70.62 points from 70.78. “It a bit of risk off,” said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. “It failed to break through 64.20-64.50 US cents, which is quite a big pivotal area. I think if we hold 63.50 we may have another peak topside,” he said. Meanwhile, UK Prime Minister B...

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