NZ dollar drops vs. euro after Greek upgrade, Spanish debt sale

Tue, 18 Dec 2012

Dec. 19 (BusinessDesk) – The New Zealand dollar fell against the euro as the common currency climbed against most of its trading peers after Standard & Poor’s upgraded Greece and Spain managed to sell all the debt it targeted in its last auction of the year. The kiwi dollar fell to 63.62 euro cents from 64.07 cents at 5pm yesterday in Wellington. The local currency fell to 84.15 US cents from 84.42 cents. The euro gained to a seven-month high against the greenback after S&P lifted its credit rating on Greece to B- from selective default with...

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