NZ dollar falls to month-low vs euro on optimism ECB will buy troubled govt bonds

Tue, 21 Aug 2012

By Hannah Lynch Aug. 22 (BusinessDesk) - The New Zealand dollar fell to a month-low versus the euro after a European Central Bank board member backed action to help lower borrowing cost for struggling euro-zone nation's, which boosted optimism the sovereign debt crisis will be contained. The New Zealand dollar fell as low as 64.93 euro cents in the Northern Hemisphere session, the lowest since July 23. It traded at 65 cents at 8am down from 65.58 cents at 5pm yesterday. The kiwi was little changed at 81.04 US cents from 81.06 cents yesterday...

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