NZ dollar weaker, still waiting on Winston Peters

Thu, 19 Oct 2017

By Rebecca Howard Oct. 19 (BusinessDesk) - The New Zealand dollar drifted lower as the market awaits an announcement on the formation of the new government, amid reports that details of the negotiations between the NZ First, Labour and National parties are becoming protracted. The New Zealand dollar was trading at 71.29 US cents as at 5pm versus 71.44 US cents as at 8am in Wellington from 71.59 cents late yesterday. The trade-weighted index was at 75.18 from 75.37. The currency has been largely rangebound waiting for an announcement. ...

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