NZ dollar holds above 80 US cents, may make further gains on greenback, euro

Fri, 20 Jul 2012

By Jonathan Underhill July 20 (BusinessDesk) - The New Zealand dollar held above 80 US cents and traded within reach of record levels against the euro on optimism the kiwi and its Australian counterpart are relatively appealing given the financial and economic headwinds facing Europe and the US. The New Zealand dollar traded at 80.21 US cents, down from 80.30 cents at the start of the day and up from 80.10 cents yesterday. The trade-weighted index edged up to 72.48 from 72.35 yesterday. The lack of additional bad news in Europe and the prosp...

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