NZ dollar benefits as preliminary Brexit deal improves risk appetite

Fri, 18 Oct 2019

The New Zealand dollar benefited from a lift in global risk appetite after a preliminary Brexit deal was struck.The kiwi was trading at 63.47 US cents at 7:50 am in Wellington from 62.96 at 5pm yesterday. The trade-weighted index was at 70.28 from 69.93.European Union and UK negotiators reached a draft of a new deal on Brexit and it was approved by the EU summit in Brussels. UK Prime Minister Boris Johnson now needs to obtain enough support from the UK parliament. The vote is scheduled for Saturday.According to the Wall Street Journal, the with...

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