NZ dollar falls vs. euro after Draghi says ECB ready to buy bonds

Thu, 04 Oct 2012

By Hannah Lynch Oct 5 (BusinessDesk) - The New Zealand dollar fell against the euro after European Central Bank president Mario Draghi said the bank was ready to buy bonds of euro zone members, leaving the door open to bail out Spain. The New Zealand dollar fell to 63.08 euro cents at 8am from 63.47 cents. The kiwi was little changed on 82.14 US cents from 82.06 cents. The trade weighted index decreased to 73.18 from 73.55. The local currency fell against the euro after the ECB and the Bank of England left interest rates unchanged and Draghi...

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