NZ dollar rises back above 70 US cents after UK's Cameron says he won't rush for Brexit

Tue, 28 Jun 2016

By Jonathan Underhill June 28 (BusinessDesk) - The New Zealand dollar rose back above 70 US cents after British Prime Minister David Cameron reiterated he would leave Brexit negotiations to his successor and won't invoke article 50 of the Lisbon Treaty that would begin the process for leaving the regional economic bloc. The kiwi traded at 70.47 US cents as at 5pm in Wellington, having earlier fallen as low as 69.76 cents, from 70.65 cents yesterday. The local currency traded at 52.93 British pence, having touched a three-year high 53.67 p...

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