NZ dollar rises to 3-month high vs pound, gains vs greenback

Tue, 13 Jun 2017

By Jonathan Underhill June 13 (BusinessDesk) - The New Zealand dollar rose to a three-month high against the pound on concern an unstable minority government in Britain will be in a weaker position to negotiate an exit from the European Union and may not be able to hold onto power. The kiwi rose to 57.12 British pence, the highest since mid-March, from 56.40 pence late yesterday. The local dollar edged up to 72.24 US cents, and earlier touched 72.30 cents, the highest since late February, from 71.94 cents yesterday. The pound extende...

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