NZ dollar falls vs euro, nearing two-year low, on signs of reviving European growth

Tue, 14 Nov 2017

By Jonathan Underhill Nov. 15 (BusinessDesk) - The New Zealand dollar fell versus the euro, closing in on the two-year low it reached last month, after stronger-than-expected growth in Germany, the regional bloc's biggest economy, drove up its currency. The kiwi dollar dropped to 58.35 euro cents as at 8am in Wellington from 58.83 cents late yesterday. It rose to 68.81 US cents from 68.68 cents yesterday. The euro gained against the greenback overnight after figures showed the German economy grew a seasonally adjusted 0.8 percent in th...

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