NZ dollar extends slide on weak jobs data, gains vs. euro on ECB view

Thu, 07 Feb 2013

Feb. 8 (BusinessDesk) – The New Zealand dollar extended its slide following yesterday’s weak employment data while gaining against a broadly weaker euro after the European Central Bank kept interest rates at a record low. The kiwi dollar fell to 83.05 US cents from 83.53 cents at 5pm in Wellington yesterday and briefly fell as low as 82.94 cents. It rose to 62.03 euro cents from 61.85 cents. The local currency began its slide yesterday after government figures showed the participation rate fell to 67.2 percent in the fourth quarter, the lowe...

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