NZ dollar falls to 2-month low vs euro on ‘unlimited’ ECB plan

Wed, 05 Sep 2012

Sept. 6 (BusinessDesk) - The New Zealand dollar fell to the lowest level in more than two months against the euro after reports that European Central Bank President Mario Draghi will unveil plans for unlimited purchases of government debt, stoking demand for the common currency. The kiwi dollar fell to 63.01 euro cents, the lowest since June 25, from 63.34 cents at 5pm in Wellington yesterday. The local currency traded at 79.43 US cents from 79.45 cents yesterday. The euro was broadly stronger after Bloomberg cited two ECB officials saying b...

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