NZ dollar falls to 11-month low vs euro on signs of EU growth, fading French jitters

Tue, 16 May 2017

By Jonathan Underhill May 17 (BusinessDesk) - The New Zealand dollar fell to the lowest level in about 11 months against the euro as steady economic growth and improving investor confidence in the economic bloc saw its currency strengthen against the greenback. The kiwi dollar fell to 62.11 euro cents as at 8:30am in Wellington from 62.59 cents late yesterday. The local currency rose to 68.86 US cents from 68.61 cents yesterday. Germany's ZEW survey of investor sentiment rose to 35.1 in May from 26.3 a month earlier, while European Uni...

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