NZ dollar dips against the pound as May prepares to form minority government

Mon, 12 Jun 2017

By Rebecca Howard June 12 (BusinessDesk) - The New Zealand dollar fell against the pound, reversing earlier gains, as British Prime Minister Theresa May's Conservative Party prepares to form a minority government. The kiwi dipped against the greenback as markets await the US Federal Reserve's rate decision and statement this week. The kiwi traded at 56.40 British pence as at 5pm in Wellington versus 56.64 pence at the start of the day and from 56.54 pence in New York on Friday. The local dollar jumped from 55.65 pence early on Friday in...

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