NZ dollar heads for 1.9% weekly gain vs. euro as SNB action seen signalling QE

Fri, 16 Jan 2015

By Paul McBeth Jan. 16 (BusinessDesk) - The New Zealand dollar is heading for a 1.9 percent weekly gain against the euro after a surprise move by the Swiss National Bank stoked speculation the European Central Bank will embark on a major money printing exercise when it meets next week. The kiwi rose to 67.40 euro cents at 5pm in Wellington, having reached a record 67.54 cents today, from 66.15 cents on Friday in New York last week, and up from 65.52 cents yesterday. The local currency is little changed at 78.45 US cents from 78.38 cents l...

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