NZ dollar gains vs euro as Italy struggles to form government, US holiday keeps trading subdued

Mon, 28 May 2018

By Jonathan Underhill May 29 (BusinessDesk) - The New Zealand dollar rose against the euro as Italian president Sergio Mattarella tried again to form a coalition government after rejecting a eurosceptic finance minister proposed by the 5-star Movement and the far-right League. The kiwi dollar traded at 59.65 euro cents as at 8am in Wellington from 59.30 cents late yesterday. It fell to 69.35 US cents from 69.51 cents while the trade-weighted index was little changed at 72.88 from 72.86. Italy's Mattarella tapped former IMF economist Ca...

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