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NZ dollar slips after overnight gains
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The New Zealand dollar rose to an eight-week high against the greenback, as the United States currency fell against higher-yielding currencies after the Federal Reserve's commitment to low interest rates yesterday prompted investors to seek higher returns elsewhere.
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NZ dollar remains in demand
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An in-demand New Zealand dollar continued to strengthen overnight after the boost it received yesterday when softer-than-expected words from Australia's central bank put the timing of the next rate rise across the Tasman in doubt.
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NZ dollar makes modest gains on euro
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The New Zealand dollar made modest gains against the euro and fell against the yen overnight, with the European currency weighed down by a lack of concrete progress on a financial aid package for debt-strapped Greece.
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