NZ dollar hits new record vs. euro ahead of ECB quantitative easing

Wed, 04 Mar 2015

By Tina Morrison March 5 (BusinessDesk) - The New Zealand dollar rose to a record against the euro ahead of a European Central Bank meeting tonight where it's expected to detail plans for its quantitative easing programme starting this month. The kiwi hit 68.55 euro cents, and was trading at 68.46 cents at 8am in Wellington, from 67.61 cents at 5pm yesterday. The local currency advanced to 75.79 US cents from 75.55 cents yesterday. The euro slumped ahead of the ECB outlining its bond-buying programme, as the region's bankers follow a s...

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