NZ dollar jumps to 3-week high against euro ahead of expected RBNZ rate hike

Tue, 10 Jun 2014

By Tina Morrison June 11 (BusinessDesk) - The New Zealand dollar rose to a three-week high against the euro as investors were lured by the higher yield available in New Zealand, where the central bank is expected to hike interest rates tomorrow, while the European Central Bank last week cut rates. The kiwi touched 62.95 euro cents, and was trading at 62.91 cents at 8am in Wellington from 62.54 cents at 5pm yesterday. The local currency advanced to 85.21 US cents from 84.99 cents yesterday. The European Central Bank last week cut its ke...

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