NZ dollar extends gain as Greek debt deal comes into focus

Thu, 25 Jun 2015

By Paul McBeth June 25 (BusinessDesk) - The New Zealand dollar extended its recovery from a five-year low against a backdrop of increasingly investor concern about the negotiations between Greece and its international creditors. The kiwi rose to 69.15 US cents at 5pm in Wellington from 68.86 cents at 8am and 68.53 cents yesterday. It advanced to 61.70 euro cents from 61.32 cents yesterday. Greece has just five days to stave off default on a 1.5 billion euro scheduled debt repayment due June 30, and is in protracted negotiations with i...

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