NZ dollar hits record high vs. euro after leaders approve Spanish bailout

Sun, 22 Jul 2012

By Hannah Lynch July 23 (BusinessDesk) - The New Zealand dollar rose to record high versus the euro after policymakers finally approved a 100 billion euro bailout for Spain's banking sector. The New Zealand dollar rose as a high as 65.98 euro cents, the most since the single currency entered circulation in 2002, from 65.74 cents at the close of trading in New York. It traded at 65.80 cents at 8am. The kiwi declined to 79.70 US cents from 79.93 cents. Eurozone finance ministers met by conference call on Friday to finally approve an agreemen...

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