NZ dollar falls vs euro as EU inflation, jobless data add to case for QE 'tapering'

Mon, 31 Jul 2017

By Jonathan Underhill Aug. 1 (BusinessDesk) - The New Zealand dollar fell to a two-week low against the euro after a slight dip in European Union unemployment and stronger inflation added to the case for the European Central Bank to begin dialing back its quantitative easing programme. The kiwi dollar fell to 63.44 euro cents from 63.95 cents late yesterday. The local currency was little changed at 75.09 US cents from 75.06 cents yesterday, having reached a two-year high of 75.58 cents last week. EU core inflation picked up to 1.2 perc...

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