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The Aussie Dollar Hits Two month Highs on Greek Debt Deal

“The Australian dollar touched its highest level in two months as euro-area finance ministers reached agreements on Greece’s debt burden and its funding gap.

The so-called Aussie advanced versus most of its 16 major counterparts as officials cut the indebted nation’s interest rates and gave it more time to pay back rescue loans. New Zealand’s currency, known as the kiwi, snapped a decline from yesterday as a fifth day of gains in Asian stocks outweighed a report today that showed the nation’s annual trade deficit widened to the most in more than three years.”

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