NZ dollar may fall vs. euro, pound amid signs of recovering European economies

Mon, 12 Aug 2013

By Paul McBeth Aug. 12 (BusinessDesk) - The New Zealand dollar may fall this week against the euro and the British pound amid expectations the European and UK economies are turning a corner. The kiwi rose to 60.30 euro cents at 5pm in Wellington from 59.72 cents last week and advanced to 51.87 British pence from 51.42 pence. It traded at 80.34 US cents at 5pm, unchanged from 8am and little changed from 80.43 cents on Friday in New York. The euro-zone economy grew 0.2 percent in the second quarter, ending the region’s longest recession sin...

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