NZ dollar climbs above 81 US cts as Germany, France pledge to support ECB action

Sun, 29 Jul 2012

By Hannah Lynch July 30 (BusinessDesk) - The New Zealand dollar rose against the greenback and the euro after Germany and France pledged to do everything to keep the euro intact, following speculation the European Central Bank may act to bolster the common currency. The New Zealand dollar rose to 81.05 US cents at 8am from 80.88 cents at the close of trading in New York on Friday. The kiwi increased to 65.82 euro cents from 65.64 cents last week. The trade weighted index was little changed on 80.98 from 80.88. German Chancellor Angela Merke...

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