NZ dollar hits new highs vs Euro, greenback after central bank meetings

Thu, 05 Jul 2012

By Hannah Lynch July 6 (BusinessDesk) - The New Zealand dollar hit a record-high versus the euro and a multi-month high against the greenback after central banks in Europe, England and China eased borrowing costs on concerns about the global outlook. The New Zealand dollar rose as high as 64.99 euro cents, the highest since the 17-nation currency entered circulation in 2002. It traded at 64.85 euro cents at 8am up from 64.01 cents yesterday at 5pm. The kiwi climbed to a fresh two-month high 80.71 US cents, and traded at 80.35 cents at 8am up...

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