NZ dollar falls from two-month high amid report ECB will keep rates low

Tue, 24 Jun 2014

By Suze Metherell June 24 (BusinessDesk) - The New Zealand dollar fell from a two-month high amid speculation the European Central Bank will keep interest rates low for an extended period. The kiwi rose as high as 87.48 US cents overnight and was trading at 87.19 cents at 5pm in Wellington, from 87.12 cents at 8am and 87.32 cents at 5pm yesterday. The trade-weighted index was little changed at 81.08 from 81.16 yesterday. ECB president Mario Draghi told Dutch newspaper Telegraaf the central bank will continue to stimulate the regional e...

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