NZ dollar firms on improved Brexit, Hong Kong outlook

Wed, 04 Sep 2019

By Rebecca Howard Sept. 5 (BusinessDesk) - The New Zealand dollar was trading higher as a no-deal Brexit looks less likely and as markets were cheered by better news out of Hong Kong. The kiwi was at 63.59 US cents at 8am in Wellington from 63.34 cents at 5pm. The trade-weighted index was at 70.92 points from 70.82. "A reduction in global political tensions saw a risk-on tone filter back into markets," said ANZ Bank FX/Rates strategist Sandeep Parekh. Concerns that Britain might crash out of the UK on Oct. 31 eased when opposition...

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