Euro Close to 2-Month Low on Greek Aid Needs; Kiwi Strengthens
This article is for subscribers only.
The euro traded close to a two-month low against the dollar as a draft policy makers’ report said Greece may require an extra $15 billion during the next two years and there are “very large risks.”
Europe’s shared currency traded at almost a one-month low against the yen after the report about the so-called troika as European leaders prepare to meet to seek a plan to maintain Greece’s solvency. The New Zealand dollar rallied after a bigger-than-estimated trade surplus in China improved prospects for exports. South Africa’s rand declined as global stocks and commodities weakened.