NZ dollar falls against broadly stronger greenback after Draghi comments

Thu, 20 Oct 2016

By Jonathan Underhill Oct. 21 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar after the European Central Bank said it was in no hurry to end quantitative easing measures. The kiwi fell to 71.91 US cents as at 8:30am in Wellington, from 72.40 cents late yesterday. The trade-weighted index slipped to 77.37 from 77.58. The ECB kept its policy settings unchanged, with a refinancing rate at zero. President Mario Draghi said the bank would probably 'taper' its QE measures, which Bloomberg reported as meaning...

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