NZ dollar holds near 72.50 US cts as Germany's Merkel moves closer to forming govt

Sun, 14 Jan 2018

By Paul McBeth Jan. 15 (BusinessDesk) - The New Zealand dollar was little changed around 72.50 US cents as German chancellor Angela Merkel moved a step closer to forming a coalition government, boosting demand for the euro. The kiwi traded at 72.56 US cents as at 8am in Wellington from 72.54 cents on Friday in New York. The local currency was unchanged at 59.41 euro cents from the New York close. The euro gained after Merkel's Christian Democrats and former coalition partner Social Democrats agreed to formal negotiations on Friday af...

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