NZ dollar falls from 3-week high vs euro after Draghi says stimulus still needed

Mon, 29 May 2017

By Jonathan Underhill May 30 (BusinessDesk) - The New Zealand dollar touched a three-week high against the euro overnight, before retreating, after European Central Bank President Mario Draghi said the regional economic bloc still requires stimulus even as it shows signs of improved growth. The kiwi traded at 63.18 euro cents as at 8am in Wellington, having reached 63.39 cents overnight, the highest since May 11, from 63.28 cents late yesterday. The kiwi slipped to 70.57 US cents from 70.67 cents yesterday. Draghi told the European Par...

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