The NZ dollar weakened as Greek agreement turned investor attention to US interest rate hikes, supporting greenback.

The lower kiwi will benefit exporters such as Delegat which counts the US as its largest market.

The dollar weakened as Eurozone leaders stepped up their demands for Greece reforms at meetings over the weekend.

The dollar was little changed as risk sentiment improved following a bounce in Chinese equities and new Greece proposals.

"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.

Wall St and European shares fell overnight as fears about the Chinese share fire sale and its economic outlook grows.

The dollar fell as commodity prices dropped on concern about waning demand.

Business confidence has fallen to a three-year low, led by regions like Waikato, Canterbury and Southland particularly exposed to the dairy sector.

The Greek rejection of the creditor bailout package has lead to a fall in world shares, oil and the European currency.

Greece’s “no” vote on austerity measures lead to a tumultuous day of trading across equity markets – including New Zealand and Australia.

The dollar hits a five-year low as Greeks reject austerity in referendum.

Because Greece doesn't have its own currency, it couldn't increase its competitiveness and boost growth through devaluation.

So much for the rock star economy.

Auckland housing affordability has fallen 10.2pc in the quarter - and 25 per cent over the previous 12 months.

World stockmarkets have moved only slightly overnight, as the news from Greece changes minute by minute.

World shares have slumped on concern Greece is headed for default and exit from the euro zone.

The kiwi dollar has fallen gain, as the Greece debt crisis pushes investors into 'safe havens".

Traders in the local currency are sensitive to suggestions that the Reserve Bank may intervene in the market to lower its value.

Wall St moved lower overnight with European equities as the posturing between Greece and its international creditors continued.

The New Zealand dollar rose from a five-year low as investors weighed up the outlook for the US economy and interest rate increases.

Global shares traded in a narrow range overnight as investors assessed data pointing to a brighter outlook and awaited Greek bailout news.

The New Zealand dollar hit a fresh five-year low as traders firm up expectations for more interest rate cuts.

Wall Street rose overnight, pushing the Nasdaq to a record, amid optimism Greece and its international lenders are finally nearing a deal.