NZ dollar jumps to two-month high vs euro as ECB seen adding more stimulus

Thu, 15 Oct 2015

By Tina Morrison Oct. 16 (BusinessDesk) - The New Zealand dollar rose to a two-month high against the euro after a European Central Bank official suggested more stimulus measures were likely for the region. The kiwi touched 60.38 euro cents, and was trading at 60.27 cents at 8am in Wellington, from 59.41 cents at 5pm yesterday. The local currency advanced to 68.63 US cents from 68.21 cents yesterday as the latest US economic data stoked speculation the Federal Reserve won’t lift interest rates soon. The euro, shared by 19 members of t...

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