NZ dollar rises as G7 leaders call meeting to discuss Europe's woes

Mon, 04 Jun 2012

By Hannah Lynch June 5 (BusinessDesk) - The New Zealand dollar rose after the Group of Seven leaders agreed to discuss Europe's debt crisis, easing concern that more banks will need rescuing in the face of the region's debt crisis. The New Zealand dollar rose to 75.70 US cents at 8am from 75.13 cents in late Asian trading yesterday, when the local market was closed for the Queen's Birthday holiday. The trade weighted index increased to 69.18. G7 leaders are scheduled to hold a conference call on Tuesday to discuss Europe's debt crisis, with...

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