NZ dollar treading water ahead of ECB meeting

Tue, 10 Sep 2019

By Rebecca Howard Sept. 11 (BusinessDesk) - The New Zealand dollar was largely range-bound against the euro as markets await the European Central Bank meeting later in the global trading day. The kiwi was trading at 58.14 euro cents at 8am in Wellington from 58.21 euro cents at 5pm and at 64.19 US cents from 64.31 cents. The ECB is due to meet overnight and is expected to cut interest rates deeper into negative territory and possibly restart asset purchases. Trading was fairly muted as "ahead of the ECB meeting on Thursday, there w...

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