NZ dollar gains vs euro on timing of ECB rate hikes, falls vs greenback

Thu, 14 Jun 2018

By Jonathan Underhill June 15 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker euro after the European Central Bank said it may not hike interest rates until late 2019 while stronger US retail sales data also helped lift the greenback. The kiwi dollar gained to 60.24 euro cents as at 8am in Wellington from 59.51 cents late yesterday. It fell to 69.78 US cents from 70.28 cents and the trade-weighted index slipped to 73.61 from 73.71. The ECB said it would taper its bond-buying programme down to 15 billion euros a mo...

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