NZ dollar poised for 0.9% weekly gain on TWI after Greek vote, first-quarter GDP

Fri, 22 Jun 2012

By Paul McBeth June 22 (BusinessDesk) - The New Zealand dollar is poised for a 0.9 percent gain on a weekly basis after Greece elected a government that will embrace tough austerity measures in exchange for a regional bail-out package. The kiwi rose to 71.58 on the trade-weighted index from 70.93 last week, and was down from 71.92 yesterday. It was little changed at 78.69 US cents at 5pm from 78.65 cents at 8am and down from 79.69 cents yesterday. The currency was bolstered by increased investor optimism Europe will address its ballooning...

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