NZ dollar rises as US-China trade, Brexit tensions ease

Tue, 22 Oct 2019

The New Zealand dollar continued to strengthen amid optimism that the US and China will reach some kind of trade agreement and that the worst Brexit option – Britain crashing out of the European Union without an agreement – has been ruled out. The kiwi was trading at 64.25 US cents at 5:05pm in Wellington from 63.97 cents at 7:50am. The trade-weighted index was at 70.93 points from 70.65. Although British Prime Minister Boris Johnson continues to push for a parliamentary vote on his EU exit deal, analysts now expect Britain will either ex...

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