NZ dollar drops to 15-month low vs euro after Draghi fails to voice concern

Sun, 27 Aug 2017

By Jonathan Underhill Aug. 28 (BusinessDesk) - The New Zealand dollar fell to a 15-month low against the euro after European Central Bank president Mario Draghi failed to mention the currency's strength in a speech at Jackson Hole as some market commentators had predicted while Federal Reserve chair Janet Yellen avoided the topic of monetary policy. The kiwi dollar traded at 60.51 euro cents as at 8am in Wellington, having touched 60.43 cents this morning, the lowest since May last year, from 60.67 cents in New York on Friday. The kiwi ha...

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