NZ dollar jumps to four-month high vs euro on speculation ECB may extend stimulus

Tue, 25 Mar 2014

By Tina Morrison March 26 (BusinessDesk) – The New Zealand dollar rose to a four-month high against the euro on speculation the European Central Bank may ease monetary policy further, contrasting with New Zealand where interest rates are increasing. The kiwi touched 62.20 euro cents this morning, and was trading at 61.99 cents at 8am from 61.82 cents at 5pm yesterday. The local currency advanced to 85.73 US cents from 85.51 cents as a weaker Richmond Fed manufacturing report suggested activity in the world’s largest economy may not pick up t...

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