Talk Money: June 7, 2016

  • 07/06/2016
Tony Field (Paul Henry)
Tony Field (Paul Henry)

The New Zealand dollar is making gains.

It is trading at 69 US cents, 94 Australian cents and just under 48 pence.

The Kiwi and other currencies have made gains lately against the Pound. That is because of the latest polls showing a slight majority of British voters now support exiting the European Union.

The pound is going to be volatile in the run up to the vote on June 23rd.

The strong Kiwi will provide another headache for the Reserve Bank as it prepares to review the Official Cash Rate on Thursday.

Economists are divided over whether the Reserve Bank will cut the OCR or hold steady at 2.25 percent.

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