NZ dollar dips as growing concerns in Europe bolster greenback

Wed, 17 Oct 2018

By Paul McBeth Oct. 18 (BusinessDesk) - The New Zealand dollar slipped against a stronger greenback amid concern lingering Brexit talks and Italy's projected budget deficits will slow growth in Europe. The kiwi decreased to 65.59 US cents as at 8am in Wellington from 65.83 cents yesterday. It traded at 56.98 euro cents from 56.93 cents yesterday. The US dollar index advanced 0.5 percent as European politics heightened volatility in financial markets. The European Union's chief Brexit negotiator Michel Barnier urged patience with nego...

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