Kiwi finishes Friday up against the pound

The New Zealand dollar made gains against the pound on Friday, and continued to gain ground overnight as risk appetite improved.

• Growing optimism boosted appetite for risk, improving demand for higher yielding currencies, with the kiwi and the aussie dollar being major beneficiaries.
  
• The kiwi hit new multi-month highs against the US dollar and the euro overnight, and remained well supported against the pound.
  
• Rising commodity prices and renewed interest in carry trades also offered the New Zealand dollar some support.