NZ dollar eases as Brexit saga enters next phase

Wed, 16 Jan 2019

By Gavin Evans Jan. 17 (BusinessDesk) - The New Zealand dollar weakened as strong earnings in the US improved sentiment there and investors prepared for further delay in setting the terms for the UK’s departure from the European Union. The kiwi was trading at 67.81 US cents at 8.30am, from 68.11 cents late yesterday, and at 52.71 British pence from 53 pence. The trade-weighted index was at 73.37 from 73.68. Stocks in the US continued their recent gains overnight, boosted by good banking sector results. A 1 percent fall in December impo...

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