NZ dollar weakens amid uncertainty about Greek bailout

Sun, 12 Jul 2015

By Tina Morrison July 13 (BusinessDesk) - The New Zealand dollar weakened as investors favour safe haven assets as concern rose about the future of cash-strapped Greece after Eurozone leaders stepped up their demands for reforms at meetings over the weekend. The kiwi dropped to 67.01 US cents at 8am in Wellington, from 67.22 cents at the New York close and 67.61 cents at 5pm on Friday. The trade-weighted index fell to 70.87 from 71.29 on Friday. Investors are feeling less confident that a deal between Greece and its creditors will be r...

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