NZ dollar holds near 5-year low before Hollande, Merkel meeting

Mon, 06 Jul 2015

By Jonathan Underhill July 6 (BusinessDesk) - The New Zealand dollar traded near a five-year low ahead of a meeting between German Chancellor Angela Merkel and French President Francois Hollande today where they will discuss a possible response to Greece's rejection of austerity measures tied to bailout money. The kiwi traded at 66.70 US cents at 5pm in Wellington, having earlier reached a five-year low of 66.40 cents, from 66.93 cents in New York last Friday. The trade-weighted index fell to 70.40 from 70.61 on Friday. Greece's refer...

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