NZ dollar gains vs. euro as weak inflation prompts speculation of ECB stimulus

Tue, 30 Sep 2014

By Tina Morrison Oct. 1 (BusinessDesk) - The New Zealand dollar rose against the euro as slowing European inflation prompted speculation of further stimulus from the European Central Bank. The kiwi advanced to 61.69 euro cents at 8am in Wellington, from 61.44 cents at 5pm yesterday. The local currency edged lower to 77.91 US cents from 78 cents yesterday. The euro weakened after data showing inflation in the euro region slowed to an annual 0.3 percent pace in September, from 0.4 percent the previous month, moving the region closer to d...

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