NZ dollar drops to 4-month low vs. euro after ECB lifts inflation forecast, Greek optimism

Wed, 03 Jun 2015

By Tina Morrison June 4 (BusinessDesk) - The New Zealand dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast, and on optimism Greece will reach agreement with its creditors. The kiwi fell as low as 63.28 euro cents and was trading at 63.37 cents at 8am in Wellington, from 64.21 cents at 5pm yesterday. The local currency slipped to 71.46 US cents from 71.69 cents yesterday ahead of the key US employment data tomorrow. The euro strengthened after the ECB president Mario Draghi ye...

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