NZ dollar steady against greenback, euro

The New Zealand dollar was little changed against the greenback and the euro ahead of a vote by Greek politicians on austerity measures needed to win a second international bailout package.

The New Zealand dollar traded at 82.73 US cents just before 8.30am in Wellington, from 82.67 cents in New York on Friday. It traded at 62.62 euro cents from 62.52 cents.

Investors are awaiting the 300-seat Greek parliament's votes for new budget measures designed to secure a second rescue package, after the cabinet signed off on the deal.

The approval capped a week of tension as European Union and International Monetary Fund officials argued with government officials over the conditions required to secure the 130 billion-euro rescue package.

"The political knowledge around Greece is a distraction - the bigger issue is the outlook for global growth and the New Zealand economy is still recording positive growth," said Mike Jones, market strategist at Bank of New Zealand.

"This means we will continue to trend higher against the euro."

The New Zealand dollar slipped to 77.41 Australian cents from 77.46 cents and to 64.16 yen from 64.49 yen.

The trade-weighted index declined to 72.7 from 72.88.

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