NZ dollar stalled awaiting Brexit, trade developments

Thu, 04 Apr 2019

By Jenny Ruth April 4 (BusinessDesk) - The New Zealand dollar is little changed as investors sit on their hands awaiting outcomes from the United States-China trade talks and the latest tortuous Brexit manoeuvres. The kiwi was trading at 67.85 US cents at 5pm in Wellington from 67.83 at 8am; the trade-weighted index was at 73.55 points from 73.52. Derek Rankin, principal at Rankin Treasury, says the local market is caught between the Reserve Bank now looking to cut interest rates and New Zealand commodity prices, particularly dairy pri...

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