NZ dollar gains vs. euro as Greek report highlights funding gap

Mon, 12 Nov 2012

Nov. 13 (BusinessDesk) – The New Zealand dollar gained against the euro and the greenback after a report proposed giving Greece two more years to meet budget targets while highlighting the scale of the fiscal gap. The kiwi rose to 81.76 US cents from 81.58 cents at 5pm in Wellington yesterday. The currency rose to 64.31 euro cents from 64.11 cents. Bloomberg News cited a draft document from the European Central Bank, the European Commission and the International Monetary Fund, a grouping known as the troika, giving Greece a two-year extensio...

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