NZ dollar holds ground against weaker euro as Germany's Merkel signals exit

Mon, 29 Oct 2018

By Paul McBeth Oct. 30 (BusinessDesk) - The New Zealand dollar was largely unmoved against a weaker euro as Germany's long-serving Chancellor Angela Merkel said she won't seek another term in charge of Europe's biggest economy. The kiwi rose as high as 57.56 euro cents and traded at 57.29 cents at 8am in Wellington from 57.31 cents yesterday. It was little changed at 65.27 US cents from 65.32 cents yesterday. The euro fell about half a US cent and recently traded at US$1.1389 after Merkel said she will stand down as party leader of t...

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