NZ dollar falls as ECB comments help lift greenback

Fri, 21 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, although the local currency is still on track for a 1.2 percent weekly gain. The kiwi fell to 71.72 US cents as at 5:00pm in Wellington from 72.40 cents late yesterday. The trade-weighted index slipped to 77.20 from 77.58. The ECB kept its policy settings unchanged, with a refinancing rate at zero. President Mario Draghi said the bank...

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