NZ dollar gains vs. euro after ECB signals it may introduce stimulus to counter deflation

Thu, 03 Apr 2014

By Tina Morrison April 4 (BusinessDesk) – The New Zealand dollar advanced against the euro after European Central Bank president Mario Draghi signalled the bank was ready to take further steps to counter low inflation. The New Zealand dollar advanced to 62.25 euro cents at 8am in Wellington from 62.09 cents at 5pm yesterday. The local currency edged lower to 85.38 US cents from 85.43 cents yesterday ahead of key US employment data which may show the world’s largest economy added the most number of jobs in a month since November. The Europea...

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