Pound dips further in Asia impressed by Brexit
On Monday, the British pound kept going down during Asia trade, still being impressed by the recent Brexit. The Japanese yen managed to reverse its early revenues because policymakers of Japan evaluated the next steps in the financial markets right after last week’s collapse in the EU, when Great Britain voted to leave this bloc.
The currency pair GBP/USD sagged 2.04%, trading at 1.3401, while the currency pair EUR/USD edged down 0.85%, being worth 1.1023. As for USD/JPY, the given currency pair traded at 102.33, showing a 0.10% surge. AUD/USD tumbled 0.51% at 0.7425.
The US dollar index dared to acquire 0.78%, hitting 96.38.
In New Zealand, in May, the trade balance boasted a NZ$358 million surplus month-on-month, which is higher than the NZ$164 million previously observed, with the year-on-year figure at an approximate deficit of NZ$3.63 billion, almost the same as last month.
The currency pair NZD/USD traded at 0.7084, unveiling a 0.67% slump.