NZ dollar falls vs strengthening euro after officials say ECB could wind down stimulus

Wed, 06 Jun 2018

By Jonathan Underhill June 7 (BusinessDesk) - The New Zealand dollar fell against the euro after officials in Europe said the European Central Bank could wind down its stimulus measures by the end of the year in a first step toward returning to a more normal monetary policy as inflation picks up. The kiwi dollar fell to 59.75 euro cents as at 8am in Wellington from traded at 60.08 cents late yesterday. The kiwi traded at 70.30 US cents from 70.39 cents yesterday and the trade-weighted index fell to 73.45 from 73.58. Reuters reported th...

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