NZ dollar gains as investors shed greenback amid uncertainty, Fonterra looms

Tue, 09 Dec 2014

By Tina Morrison Dec. 10 (BusinessDesk) - The New Zealand dollar advanced as investors sold the greenback on concern about political uncertainty in Greece and growth in China. Traders are also waiting for the release of Fonterra Cooperative Group's updated payout forecast. The kiwi rose to 77.15 US cents at 8am in Wellington, from 76.21 cents at 5pm yesterday. The trade-weighted index gained to 77.73 from 77.20 yesterday. Greek stocks plunged after the government said voting for a new president will start next week, potentially opening...

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