NZ dollar falls to 4-month low against euro on reports of ECB rate-hike talk

Sun, 12 Mar 2017

The New Zealand dollar fell to a four-month low against the euro after reports that the European Central Bank may begin raising interest rates even before the end of its quantitative easing programme. The kiwi dollar traded at 64.82 euro cents as at 8am in Wellington, and earlier touched 64.67 cents, the lowest since Nov. 9, from 65.16 cents on Friday. The local currency traded at 69.31 US cents from 69.28 cents in New York on Friday, having touched as low as 68.87 cents last week. Bloomberg News and Reuters reported that some ECB policym...

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