NZ dollar falls amid speculation ECB will inject more stimulus

Tue, 21 Oct 2014

By Paul McBeth Oct. 22 (BusinessDesk) - The New Zealand dollar fell after reports that the European Central Bank may consider taking more steps to stimulate the euro-zone economy, stoking demand for the greenback. The kiwi fell to 79.55 US cents at 8am, having peaked at 80.33 cents, and down from 79.85 cents yesterday. The trade-weighted index was little changed at 77.21 from 77.26. The greenback rallied after the ECB bought Italian covered bonds for a second day as part of a plan to boost lending in the region, and after Reuters cited...

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