NZ dollar gains vs. euro, slips vs. greenback as Cyprus deadline looms

Sun, 24 Mar 2013

March 25 (BusinessDesk) – The New Zealand dollar gained against the euro as Cyprus nears a deadline to secure a European Union bailout to avoid a collapse of its banks and the possible exit from the euro zone. The kiwi traded at 64.39 euro cents from 64.22 cents in late New York trading on Friday. It slipped to 83.38 US cents from 83.51 cents. Cyprus faces a Monday deadline to avoid the collapse of its banking system. President Nicos Anastasiades held last minute talks with lenders yesterday though his government is divided and Cypriots are...

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