NZ dollar strengthens on draft Brexit deal; focus turns to Powell speech

Wed, 14 Nov 2018

By Margreet Dietz Nov. 15 (BusinessDesk) - The New Zealand dollar strengthened against its key counterparts after UK Prime Minister Theresa May secured a draft deal on Brexit. The kiwi traded at 52.28 British pence in Wellington at 8:45am from 52.15 pence Wednesday, and at 60.00 euro cents from 59.91 euro cents. It was at 67.98 US cents from 67.78 US cents late Wednesday. The trade-weighted index was at 74.36 from 73.97. May secured Cabinet approval for her Brexit planned after five hours of talks. The 585-page deal, which lays the...

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