NZ dollar extends gain vs. euro on ECB money printing, rises against greenback

Fri, 23 Oct 2015

By Jonathan Underhill Oct. 23 (BusinessDesk) - The New Zealand dollar extended its gain against the euro to a four-month high after the European Central Bank signalled it will expand its quantitative easing programme, driving appetite for riskier currencies such as the kiwi and commodity prices. The kiwi rose as high as 61.63 euro cents, the highest since late June, and traded at 61.53 cents at 5pm in Wellington, from 59.58 cents late yesterday. The local currency rose to 68.39 US cents from 67.61 cents yesterday. The European common c...

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