NZ dollar hits 3-month low vs sterling as 'Brexit' fears recede

Wed, 25 May 2016

By Tina Morrison May 26 (BusinessDesk) - The New Zealand dollar hit a three-month low against the British pound as confidence builds that the country will vote to remain in the European Union, allaying fears about the impact on the economy. The kiwi touched 45.83 British pence, and was trading at 45.96 pence at 8am in Wellington, from 46.19 pence at 5pm yesterday. The local currency was little changed at 67.65 US cents from 67.51 cents yesterday. The kiwi was off a touch at to 67.40 US cents after Fonterra Cooperative Group issued its...

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