NZ dollar jumps against euro after ECB eyes government bond buying

Mon, 17 Nov 2014

By Tina Morrison Nov. 18 (BusinessDesk) - The New Zealand dollar jumped to a two-month high against the euro after European Central Bank president Mario Draghi said the bank may buy government bonds to stimulate the Eurozone economy. The kiwi touched 63.75 euro cents, and was trading at 63.58 cents at 8am in Wellington, from 63.40 cents at 5pm yesterday. The local currency slipped to 79.18 US cents from 79.58 cents yesterday. The euro declined after ECB president Draghi told lawmakers in testimony to the European parliament that the ba...

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