NZD Rises Against Euro on Greece Debt Distress

The US dollar finished higher Thursday vs. most major currencies with the exception of the New Zealand Dollar. Rumors of more Greek fiscal problems sent investors for safe-haven currencies.

The New Zealand dollar hit a two-year high against the euro on more worries about Greece's debt, holding firm against the U.S. currency on Friday. It reached two-year highs against the euro, after the reports on Greece lacking support from some eurozone countries.

The euro fell against the USD on the Greece worries and fell to a 17-month low against the Swiss franc after an official said interest rates cannot be ultra-low for ever. "We have signalled that we cannot continue this expansive monetary policy forever,"the Swiss National Bank chairman Philipp Hildebrand said.