NZD treads water ahead of Brexit vote; buoyed by dairy auction, China stimulus

Tue, 15 Jan 2019

By Rebecca Howard Jan. 16 (BusinessDesk) - The kiwi stuck to a tight range ahead of the Brexit vote in the UK, helped by new China stimulus and a solid overnight milk auction. The kiwi was trading at 68.06 US cents at 8am in Wellington, versus 68.38 cents at 5pm yesterday. The trade-weighted index was at 73.66 from 73.78. Risk appetite got a lift when Chinese officials said they would step-up efforts to spur economic growth this year, amid signs that the country's economic slowdown has deepened, Dow Jones Newswires reported. Beijing...

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