NZ dollar gains as Fed rate hike timing weighed, poll shows Brexit has chance

Fri, 27 May 2016

By Jonathan Underhill May 27 (BusinessDesk) - The New Zealand dollar gained from a two-month low as a poll showed there's still a chance Britain will vote to exit the European Union next month, creating market uncertainty that may discourage the Federal Reserve from hiking interest rates in June. The kiwi rose to 67.44 US cents as at 5pm in Wellington, from 67.16 cents at late yesterday. The local currency rose to 45.97 British pence from 45.64 pence late yesterday. An ICM poll published this week showed 45 percent of Britons favoured...

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