NZ dollar hits new record against euro, may extend gains on ECB bond buying

Mon, 16 Mar 2015

March 16 (BusinessDesk) - The New Zealand dollar reached its highest level ever against the euro in what may be the first of more peaks as the euro falls foul of the European Central Bank's bond-buying programme. The kiwi hit a record 70 euro cents on Monday morning, and was trading at 69.96 cents at 5pm in Wellington from 69.47 cents at 5pm on Friday. The local currency rose to 73.64 US cents from 73.39 cents at the New York close on Friday. The kiwi may trade between 71.30 US cents and 75.20 cents this week, according to a BusinessDesk...

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