NZ dollar lifts against euro after ECB postpones out rate hikes

Thu, 07 Mar 2019

By Rebecca Howard March 8 (BusinessDesk) - The New Zealand dollar lifted against the euro after the European Central Bank pushed out the timing of its first post-crisis rate hike on a softer outlook. The kiwi was trading at 60.24 euro cents at 8am in Wellington from 60 euro cents at 5pm in Wellington. It was at 67.58 US cents versus 67.84 US cents at 5pm. The ECB had previously said rates would remain at their record low levels through the (European) summer, it said it now expected them to stay there “at least through the end of 2019...

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