NZ dollar heads for 1.8% weekly decline as Greek referendum looms

Fri, 03 Jul 2015

By Paul McBeth July 3 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece's referendum on whether to accept a bailout package from its European creditors, and as the wheels start coming off the local economy. The kiwi dropped to 67.18 US cents at 5pm in Wellington from 68.42 cents on Friday in New York last week. It was little changed from 67.26 cents at 8am, and 67.03 cents yesterday. The trade-weighted rose to 70.57 from 70.31 yesterday, and is heading...

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