NZ dollar trade-weighted index breaches 76 for first time since May 2015

Wed, 22 Jun 2016

By Jonathan Underhill June 23 (BusinessDesk) - The trade-weighted index of the New Zealand dollar rose above 76 for the first time in 13 months and is now almost 5 percent above the average level the Reserve Bank projected for the second quarter as polls showed the Brexit vote is too close to call and the International Monetary Fund lowered its US growth forecast. The TWI rose as high as 76.06 and was at 75.91 as at 8am in Wellington, from 75.87 late yesterday. The New Zealand dollar climbed to 71.88 US cents, a 12-month high, from 71.45...

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