NZ dollar holds gains as traders await Greek proposal in increasingly volatile markets

Thu, 09 Jul 2015

By Paul McBeth July 9 (BusinessDesk) - The New Zealand dollar held onto its overnight gains in local trading as investors wait for the Greek government to put forward a debt proposal to European leaders against a backdrop of increasingly volatile financial markets. The kiwi traded at 67.30 US cents at 5pm in Wellington, from 67.27 cents at 8am and up from 66.43 cents yesterday. The trade-weighted index rose to 71.03 from 70.31 yesterday. The Chicago Board Options Exchanges Volatility Index, know as Wall Street's 'fear gauge', has risen...

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