NZ dollar falls from recent highs as ECB leaves policy unchanged

Thu, 08 Sep 2016

By Jonathan Underhill Sept. 9 (BusinessDesk) - The New Zealand dollar retreated from a 16-month high as some traders deemed it had risen too far, too fast, and after the European Central Bank disappointed the market by not flagging any additional easing measures. The kiwi dropped to 73.91 US cents as at 8am in Wellington, from 74.57 cents late yesterday. The currency fell to 65.67 euro cents from 66.30 cents. The kiwi had gained almost 2 percent in the past week on a trade-weighted basis as relatively robust economic data and gains in...

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