NZ dollar gains vs euro as Italian debt continues to worry investors

Mon, 08 Oct 2018

By Paul McBeth Oct. 9 (BusinessDesk) - The New Zealand dollar gained against the euro as Italy's plans to run budget deficits for the next three years are at odds with European Union rules. The kiwi increased to 56.14 euro cents as at 8am in Wellington from 55.93 cents yesterday. It traded at 64.51 US cents from 64.39 cents yesterday, with US markets closed for the Columbus Day holiday. The yield on Italian 10-year government bonds rose 5 basis points to 3.62 percent and the euro was broadly weaker after the European Commission told...

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