NZ dollar hold gains vs. euro on optimism about Greek bail-out; France downgraded

Tue, 20 Nov 2012

By Paul McBeth Nov. 20 (BusinessDesk) - The New Zealand dollar held gains on optimism European finance chiefs will sign up to the next tranche of Greece's multi-billion euro bail-out and after France had its credit rating downgraded. The kiwi traded at 81.84 US cents at 5pm in Wellington, unchanged from 8am and up from 81.34 cents yesterday. It rose to 63.91 euro cents from 63.72 cents yesterday. Stocks rallied across Asia as investors remained optimistic euro-zone finance ministers will grant Greece the next tranche of its rescue package...

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