NZ dollar heads for 1.2 percent fall for the week after greenback rallies

Fri, 08 Feb 2013

By Paul McBeth Feb. 8 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent fall against the greenback over the course of the week after the US currency rallied following a warning from European Central Bank boss Mario Draghi against the strength of the euro and weak local employment data. The kiwi traded at 83.42 US cents at 5pm in Wellington from 83.05 cents this morning and 83.53 cents yesterday. The currency climbed to 62.19 euro cents from 61.85 cents yesterday. ECB President Draghi kept the region's benchmark interest r...

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