The New Zealand dollar retreated today as the concerns about the Greek referendum continue to plague markets and the Asian stocks declined.
Previously, investors feared an orderly default in Greece. Now, a potential negative outcome of the Greek referendum has brought a very real possibility a disorderly default. The MSCI Asia Pacific Index fell 1.1 percent. The New Zealand currency may find a support tomorrow from the employment report. Analysts predict the report to show a growing employment and a decrease of the unemployment rate.
NZD/USD fell from 0.7948 to 0.7915 and NZD/JPY dropped from 62.23 to 61.75 as of 16:37 GMT today.
If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.