Aussie and kiwi hit multi-month peaks ahead of Brexit vote
The New Zealand and Australian dollars went up to multi-month peaks against their American rival on Thursday. It’s because market sentiment was driven by hopes that British voters are going to decide to remain in the European Union at today’s long-awaited referendum.
The currency pair AUD/USD acquired 0.47%, hitting a nine-month peak of 0.7531.
Sentiment strengthened after surveys by ComRes, carried out specially for the Daily Mail newspaper as well as ITV television, and also by YouGov for London’s the Times newspaper. Those polls demonstrated that a last-minute surge in support for the UK to stay in the EU.
The currency pair NZD/USD soared 0.46%, trading at 0.7196, a 12-month peak.
A surge in oil prices also powered the commodity-currencies on Thursday. In fact, oil renounced from losses reported last session, after the US Energy Information Administration posted a smaller than expected drop in American stocks last week.