NZ dollar jumps to 3-month high vs. euro after ECB's signals further easing likely

Thu, 22 Oct 2015

By Tina Morrison Oct. 23 (BusinessDesk) - The New Zealand dollar jumped to a three-month high against the euro on speculation the European Central Bank may ease monetary conditions further. The kiwi touched 61.06 euro cents, and was trading at 60.97 cents at 8am in Wellington, from 59.58 cents at 5pm yesterday. The local currency edged up to 67.76 US cents from 67.61 cents yesterday. The European common currency tumbled after ECB president Mario Draghi said that while the bank would keep rates on hold at this month's meeting, it would...

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