The New Zealand dollar rallied to the highest level in a year versus the US dollar and climbed more than 2% against the Japanese yen amid hopes for Great Britain to stay in the European Union.
Britons vote today whether to leave the EU or stay. An exit is considered to be a negative outcome, potentially hurting the economy of Britain as well as the whole world (as the country is one of the world’s major financial centers). For now, polls show that votes for staying in the Union prevail, helping the market sentiment and boosting riskier currencies tied to economic growth.
NZD/USD rallied from 0.7157 to 0.7223 as of 12:42 GMT today, and its daily high of 0.7251 was the highest since May 28. NZD/JPY jumped 2.3% from 74.72 to 76.44.
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