NZ dollar recovers from week-low ahead of FOMC, NZ GDP as Brexit looms

Wed, 15 Jun 2016

By Jonathan Underhill June 15 (BusinessDesk) - The New Zealand dollar rose from its lowest level in a week ahead of the Federal Reserve's latest policy statement in the US and economic growth figures at home and traders are bracing for more market volatility as Britain's European Union membership vote looms. The kiwi rose to 70.17 US cents from as low as 69.63 cents earlier in the day and from 70.27 cents late yesterday. The trade-weighted index edged up to 75.12 from 75.03. Investors have been shifting more of their funds to safer ass...

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