NZ dollar falls to fresh 5-year low as investors seek safe haven assets on Greece uncertainty

Sun, 28 Jun 2015

By Tina Morrison June 29 (BusinessDesk) - The New Zealand dollar fell to a fresh five-year low as investors exited riskier assets in favour of safe havens as Greece and its creditors failed to reach agreement at the weekend ahead of a looming debt repayment deadline tomorrow. The kiwi touched 67.90 US cents, its lowest level since June 2010, and was trading at 68.15 cents at 8am in Wellington, from 68.42 cents at the New York close and 68.85 cents at 5pm on Friday. The trade-weighted index dropped to 71.51 from 71.93 on Friday. Investo...

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