NZ dollar gains vs euro as Draghi reiterates stimulus pledge while seeing more growth

Thu, 14 Dec 2017

By Jonathan Underhill Dec. 15 (BusinessDesk) - The New Zealand dollar rose against the euro after European Central Bank president Mario Draghi reiterated his commitment to providing monetary stimulus in the eurozone, even while the bank lifted its growth and inflation forecasts. The kiwi dollar advanced to 59.27 euro cents as at 8:30am in Wellington from 59.15 cents late yesterday. It traded at 69.93 US cents from 70.01 cents yesterday, having gained following the Federal Reserve's rate hike that came with a less upbeat view on inflation....

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