NZ dollar holds near 2-month high on EU banking bailout

Sun, 01 Jul 2012

By Hannah Lynch July 02 (BusinessDesk) - The New Zealand dollar held near a two-month high after European leaders pledged to provide aid for the region’s banks, spurring optimism that policymakers may be closer to resolving the euro-zone’s debt crisis. The New Zealand dollar traded at 80.08 US cents just before 8am this morning, little changed from 80.11 cents at the close of trading in New York on Friday and up from 79.33 cents at 5pm on Friday in New Zealand. The trade-weighted index was little changed on 72.15 from 72.24. Global share ma...

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