NZ dollar heads for 4.3% quarterly gain on TWI basis after shaking off Brexit

Thu, 30 Jun 2016

By Jonathan Underhill June 30 (BusinessDesk) - The New Zealand dollar is heading for a 4.3 percent quarterly gain amid perceptions the global economy will prove more resilient to Brexit than it was to the global financial crisis, keeping intact demand for high-yielding currencies. The trade-weighted index was at 75.97 as at 5pm in Wellington, from 75.93 yesterday and up from 72.88 three months ago. The kiwi was little changed from yesterday at 70.84 US cents, having gained to as high as 71.36 cents overnight, and has gained from 69.03 cen...

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