NZ dollar recovers after knee-jerk decline on Greece concerns

Mon, 29 Jun 2015

By Tina Morrison June 30 (BusinessDesk) - The New Zealand dollar advanced overnight following a knee-jerk decline yesterday after no agreement was reached between Greece and its creditors at the weekend. The kiwi gained to 68.60 US cents at 8am in Wellington, from 68.33 cents at 5pm yesterday and 68.15 cents at 8am yesterday. The trade-weighted index was little changed at 71.70 from 71.69 yesterday. Even though Greece isn't expected to make a 1.55 billion euro payment to the International Monetary Fund due today, currency markets overn...

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