NZ dollar climbs vs. euro on Weidmann comments, weakens against greenback

Wed, 17 Apr 2013

April 18 (BusinessDesk) – The New Zealand dollar rose against the euro after Bundesbank President Jens Weidmann said the European Central Bank may cut interest rates if data warrants and European stocks tumbled. The kiwi rose to 64.75 euro cents from 64.18 cents at 5pm in Wellington yesterday. It fell to 84.36 US cents from 84.61 cents. In an interview with the Wall Street Journal, Bundesbank President Weidmann signalled the European Central Bank could reduce interest rates if economic and inflation data suggest it is warranted. His comments...

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