NZ dollar gains vs euro as European growth slows

Tue, 30 Oct 2018

By Paul McBeth Oct. 31 (BusinessDesk) - The New Zealand dollar reached a two-month high against the euro as Europe's economy grew at its slowest pace since 2014. The kiwi rose to 57.73 euro cents as at 8am in Wellington from 57.50 cents yesterday. It traded at 65.50 US cents from 65.46 cents yesterday. Euro-zone growth slowed to an annual pace of 1.7 percent in the September quarter from 2.2 percent in June. That was less than expected and reaffirmed fears over the region's economic health. Italy was among the laggards in the regi...

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