NZ dollar advances against euro as ECB's Draghi signals continued loose monetary policy

Thu, 07 Aug 2014

By Tina Morrison Aug. 8 (BusinessDesk) - The New Zealand dollar gained against the euro after the European Central Bank said it would keep interest rates at record lows and loose policy will remain in place for an extended period, widening the divergence with New Zealand where interest rates are expected to resume their track higher following a pause. The kiwi rose to 63.46 euro cents at 8am in Wellington, from 63.19 cents at 5pm yesterday. The local currency advanced to 84.84 US cents from 84.56 cents yesterday. The euro weakened afte...

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