Aussie, kiwi hit multi-month highs ahead of Brexit vote

The Aussie and New Zealand dollars rose to multi-month highs against their U.S. counterpart on Thursday, as market sentiment was boosted by hopes British voters will chose to remain in the European Union at today’s historic referendum.

AUD/USD gained 0.47% to a nine-month high of 0.7531.

Sentiment strengthened after polls by ComRes, conducted for the Daily Mail newspaper and ITV (LON:ITV) television, and by YouGov for The Times newspaper in London, showed a last-minute rise in support for Britain to remain in the EU.

The vote on a potential Brexit was set to take place between 0600-2100 GMT on Thursday, with results expected on Friday morning.

NZD/USD advanced 0.46% to trade at a 12-month high of 0.7196.

A rise in oil prices also helped the commodity-currencies on Thursday. Crude rebounded from losses posted the previous session, after the U.S. Energy Information Administration reported a smaller than expected fall in U.S. stocks last week.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.14% at 94.03.

Source: Investing.com

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.