NZ dollar benefits as EU likely to grant Brexit extension

Thu, 24 Oct 2019

The New Zealand dollar rose on improved risk sentiment overnight as European Union officials look set to grant a Brexit extension. The kiwi was trading at 64.20 US cents at 8am in Wellington from 63.89 cents at 5pm. The trade-weighted index was at 70.92 from 70.72. “Kiwi outperformed most of its G-10 peers as markets flip back into a risk-on setting as EU officials look set to grant the UK a three-month extension to the Brexit deadline,” said ANZ Bank FX/rates strategist Sandeep Parekh. The UK government won’t meet its current timetabl...

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