NZ dollar rises as Greece's New Democracy party takes the lead

Sun, 17 Jun 2012

By Hannah Lynch June 18 (BusinessDesk) - The New Zealand dollar rose after Greece’s New Democracy party opened up a narrow lead in the second round of elections, with the result likely to see the indebted nation stay in the euro-zone. The New Zealand dollar rose to 78.88 US cents at 8am from 78.75 cents at the close of trading of New York on Friday and 78.30 cents at 5pm on Friday. The trade weighted index increased to 71.18 from 70.91. Early projections show the New Democracy party, which broadly supports the European Union's austerity me...

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