NZ dollar follows stocks, commodities lower as BoE warns of Brexit risks

Tue, 05 Jul 2016

By Paul McBeth July 6 (BusinessDesk) - The New Zealand dollar followed global stock markets and commodity prices lower as the Bank of England highlighted the European Union exit as a key risk to the economy, sapping investors' appetite for risk-sensitive assets. The kiwi fell to 71.40 US cents at 8am in Wellington from 71.97 cents yesterday. The trade-weighted index declined to 76.54 from 76.86 yesterday. The Bank of England's financial stability report warned the Brexit vote created a "challenging" outlook for the UK's economy and t...

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