NZ dollar falls against euro as ECB meeting looms

Mon, 19 Jan 2015

By Tina Morrison Jan. 20 (BusinessDesk) - The New Zealand dollar declined against the euro after touching record highs over the weekend, amid speculation an expected quantitative easing programme by the European Central Bank this week may not be as large as anticipated. The kiwi fell to 66.92 euro cents at 8am in Wellington, from 67.41 cents at 5pm yesterday and a record 67.63 cents at the weekend. The local currency weakened to 77.73 US cents from 77.93 cents yesterday as US markets were closed for the Martin Luther King Day holiday....

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