NZ dollar falls as greenback buoyed on prospect of ECB stimulus

Mon, 05 Jan 2015

By Paul McBeth Jan. 5 (BusinessDesk) - The New Zealand dollar fell as investors rallied behind the greenback on heightened speculation the European Central Bank will ramp up its stimulus package to revive the region's moribund economy. The kiwi fell to 76.32 US cents at 5pm in Wellington from 76.84 cents at 8am and 77.02 cents on Friday in New York. The trade-weighted index was 78.11 at 5pm in Wellington. The US Dollar Index, a measure of the greenback against a basket of currencies, was recently at 91.449, having reached a nine-year h...

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