NZ dollar holds gains as efforts to soothe Brexit pains calm investors

Thu, 06 Sep 2018

By Rebecca Howard Sept. 6 (BusinessDesk) - The New Zealand dollar held overnight gains as positive headlines overnight about Brexit negotiations boosted global risk appetite. The kiwi traded at 65.84 US cents at 5pm in Wellington from 65.97 cents at 8am, and up from 65.55 cents yesterday. The trade-weighted index advanced to 71.59 from 71.26 yesterday. The local currency benefitted from improving risk appetite after Bloomberg reported the British and German governments pulled back on key Brexit demands, potentially easing the path for...

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