NZ weaker as ECB package, inflation data lifts greenback

Thu, 12 Sep 2019

By Rebecca Howard Sept. 13 (BusinessDesk) - The New Zealand dollar fell after a bigger than expected stimulus from the European Central Bank and stronger-than-expected US inflation data lifted the greenback. The kiwi was trading at 64.04 US cents at 7:45am in Wellington from 64.34 at 5pm yesterday. The trade-weighted index was at 71.00 from 71.41. The ECB decision to cut its deposit rate by 10 basis points and the relaunch of its asset purchase programme - a form of quantitative easing - at a monthly pace of 20 billion euros from Nov....

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