NZ dollar holds above 76 US cents on prospects Greece will avoid a euro-exit

Mon, 28 May 2012

By Hannah Lynch May 29 (BusinessDesk) - The New Zealand dollar held above 76 US cents on prospects Greece will avoid a euro-exit after polls showed the nation's pro-bailout party gaining ground, boosting demand for higher- yielding assets, such as the kiwi. The New Zealand dollar rose as high as 76.45 US cents overnight from 76.08 cents at 5pm yesterday, and traded at 76.05 cents just before 8am. The trade weighted index was little changed at 69.32 from 69.29. Greece's New Democracy, which supports the rescue plan negotiated with global lead...

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