NZ dollar gains vs. euro after German PMI, as RBNZ looms

Tue, 23 Apr 2013

April 24 (BusinessDesk) – The New Zealand dollar rose against the euro after German manufacturing and euro-zone services weakened and edged up against the greenback ahead of the reserve Bank’s interest rate review. The kiwi dollar rose to 64.61 euro cents from 64.33 cents at 5pm in Wellington yesterday. It gained to 84.04 US cents from 83.94 cents. A survey of purchasing managers in the services and manufacturing industries in the euro-zone was at 46.5 this month, signalling contraction, while Germany’s PMI fell to 47.9 from 49 on a scale wh...

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