NZ dollar gains as Brexit-induced volatility eases

Wed, 29 Jun 2016

By Paul McBeth June 29 (BusinessDesk) - The New Zealand dollar gained as the extreme level of volatility in financial markets since last week's British vote to quit the European Union eased a little, though the prospect of another rate cut could ensure any rally is short-lived. The kiwi increased to 70.75 US cents at 5pm in Wellington from 70.39 cents at 8am, and 70.44 cents yesterday. The trade-weighted index rose to 75.90 from 75.70 yesterday. Stocks across Asia gained as investors recover from last week's shock 'Brexit' vote and n...

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