Bloomberg News

N.Z. Dollar Rises After Papademos Cites Progress on Greek Debt

January 31, 2012

Jan. 31 (Bloomberg) -- The New Zealand dollar climbed against most of its major peers after Greece’s Prime Minister Lucas Papademos said progress was being made in debt-swap talks, spurring demand for higher-yielding assets.

The so-called kiwi climbed 0.3 percent to 82.21 U.S. cents as of 2:16 p.m. in Wellington. It rose 0.4 percent to 62.79 yen.

To contact the reporter on this story: Kristine Aquino in Singapore at kaquino1@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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