NZ dollar holds near 3-month high vs pound on May's minority government

Sun, 11 Jun 2017

By Jonathan Underhill June 12 (BusinessDesk) - The New Zealand dollar traded near a 3-month high against the British pound after elections left UK Prime Minister Theresa May without an outright majority and held above 72 US cents ahead of this week's Federal Reserve meeting. The kiwi traded at 56.64 British pence as at 8am in Wellington from 56.54 pence in New York on Friday. The kiwi traded at 72.06 US cents from 72.09 cents. May will reportedly seek support from a small Northern Irish party to stay in power after her gamble on callin...

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