NZ dollar gains on polls suggesting Brexit less likely

Mon, 20 Jun 2016

By Jonathan Underhill June 20 (BusinessDesk) - The New Zealand dollar rose after polls over the weekend indicated Britain is less likely to vote to leave the European Union, stoking risk sentiment and demand for growth-linked currencies such as the kiwi. The local dollar rose to 71.17 US cents at 5pm in Wellington, the highest in more than a week, from 70.50 cents at the end of last week. The trade-weighted index rose to 75.56 from 75.23. Of six polls published over the weekend, three indicated a preference for Britain to remain in the...

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