NZ dollar takes a breather after bout of Brexit volatility

Tue, 28 Jun 2016

By Tina Morrison June 29 (BusinessDesk) - The New Zealand dollar was little changed as traders took a breather following a period of volatility after the UK voted to leave the European Union last week. The kiwi traded at 70.39 US cents at 8am in Wellington, from 70.44 cents at 5pm yesterday. The trade-weighted index slipped to 75.58 from 75.70 yesterday. Global sentiment improved overnight as the British pound stabilised and equity markets turned positive following the initial shock after the Brexit vote late last week. That bolstered...

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