NZ dollar gains to month-high vs pound as weaker Brexit mulled

Sun, 17 Dec 2017

By Jonathan Underhill Dec. 18 (BusinessDesk) - The New Zealand dollar rose to a month-high versus a broadly weaker pound on speculation the progress of Brexit negotiations could slow and fell versus the greenback on optimism about US tax cuts. The kiwi dollar traded at 52.53 British pence as at 8am in Wellington, having traded as high as 52.72 pence in New York on Friday from 52.14 pence in Asia at the end of last week. It traded at 69.98 US cents from 69.89 cents in New York, when it fell back below 70 cents. At a meeting in Brussels...

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