NZ dollar rises from 2-year low at start of third quarter on EU deal, weaker greenback

Sun, 01 Jul 2018

By Jonathan Underhill July 2 (BusinessDesk) - The New Zealand dollar rose from a two-year low after European Union leaders announced restrictions on migrants, boosting the euro and weighing on the greenback. The kiwi dollar traded at 67.72 US cents as at 8:30am in Wellington from 67.64 cents in late New York trading on Friday. It sank as low as 67.34 cents last week, the lowest since June 2016. The trade-weighted index rose to 72.35 from 72.21. The 28 EU leaders agreed to set up migrant processing centres and take collective responsib...

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