NZ dollar falls vs euro as ECB notes improving outlook; US rate hike seen coming

Thu, 09 Mar 2017

By Paul McBeth March 10 (BusinessDesk) - The New Zealand dollar fell against the euro after the European Central Bank acknowledged the improving economic outlook in the single market region, and dropped below 69 US cents for the first time since January on the expectation of a rate hike next week. The kiwi fell to 65.09 euro cents as at 8am in Wellington from 65.52 cents yesterday. It dipped to 68.90 US cents from 69 cents yesterday. The euro rallied after ECB president Mario Draghi said his governing council doesn't expect to loosen...

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