NZ dollar gains after ECB stays pat on stimulus, US jobs report looms

Thu, 04 Dec 2014

By Paul McBeth Dec. 5 (BusinessDesk) - The New Zealand dollar gained, following the euro higher, after the European Central Bank refrained from injecting more stimulus into the sluggish regional economy, and ahead of US employment data, which is closely watched by the market. The kiwi rose to 77.80 US cents at 8am in Wellington from 77.46 cents yesterday. The trade-weighted index advanced to 78.32 from 78.07 yesterday. The euro rallied against the greenback after investors were disappointed ECB president Mario Draghi didn't expand its...

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