Late Change NZD/USD 0.8615 +0.0043 NZD/AUD 0.7949 -0.0041 NZD/JPY 67.72 +0.215 April 2013 Bond 3.435% +4.0 bps May 2021 Bond 5.115% +4.5 bps 10-Year U.S. Spread +212 bps unchanged 90-Day Bank Bill 2.74% +4.0 bps WELLINGTON (Dow Jones)--The New Zealand dollar again reached 30-year highs in overnight trading as optimism grew that an acceptable solution to Greece's debt problems had been found. The comprehensive EUR159 billion bailout package for Greece, with official loans and private-sector participation, that also lays the groundwork for stronger governance in the euro zone boosted sentiment. After touching a 30-year high of US$0.8643, gains have been pared back. A sharp move lower around 1330 local time (0130 GMT) surprised brokers, who were unable to give a reason for the move. However, "we've had minimal net movement today...there's a general feeling of optimism in the market," said Western Union Business Solutions corporate dealing manager Chris Hunter. "The general feeling is Greece has provided the investment community with pretty good reason for risk appetite." He added the next thing the market would be looking for is a solution to the U.S. debt woes. "But every day they don't sort it out as we head up to deadline hurts the U.S. dollar...There will be a resolution before the Aug. 2 deadline and when we see that the Kiwi is going to push higher," he said. New Zealand government bond prices continued to fall while interest rate swaps moved higher as the market focus continues to be on the Reserve Bank of New Zealand's official cash rate decision next Thursday. -By Lucy Craymer, Dow Jones Newswires; 64-4-471-5990; lucy.craymer@dowjones.com

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