NZ dollar falls to 2-month low vs euro as Draghi stokes ECB action talk

Mon, 03 Sep 2012

By Jonathan Underhill Sept. 4 (BusinessDesk) – The New Zealand dollar fell to its lowest against the euro since late June after European Central Bank chief Mario Draghi gave more details of his bond-buying plans, stoking expectations the ECB will take action this week. The kiwi dollar traded at 63.32 euro cents from 63.69 cents at 5pm in Wellington yesterday. The local currency fell to 79.70 US cents from 80.14 cents with little direction provided by US markets closed for the Labor Day holiday. Draghi reportedly said he favours buying bonds...

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