NZ dollar gains vs euro as Italian bond yields spike on budget concerns

Sun, 30 Sep 2018

By Paul McBeth Oct. 1 (BusinessDesk) - The New Zealand dollar rose against the euro as Italian bond yields shot up amid fears Europe's third-biggest economy isn't doing enough to clamp down on government spending. The kiwi increased to 56.92 euro cents as at 8am in Wellington from 56.72 cents last week. It traded at 66.05 US cents from 66.16 cents at the New York close on Friday and 66.03 cents in Asia last week. The yield on Italy's 10-year government bond jumped 23 basis points to 3.14 percent after Italy's coalition government ove...

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