NZ dollar heads for 1% weekly gain as prospect of Greek deal, stable Chinese equities soothe nerves

Fri, 10 Jul 2015

By Paul McBeth July 10 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent weekly gain against the greenback as turbulence in financial markets settles down with the prospect of Greece reaching a deal with its creditors and stabilising Chinese equity markets soothing frazzled investors. The kiwi rose to 67.62 US cents at 5pm in Wellington from 66.93 cents on Friday in New York last week. It traded at 67.28 US cents at 8am and 67.31 cents yesterday. The trade-weighted index advanced to 71.29 from 71.03 yesterday, and is head...

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