NZ dollar may gain vs. euro as ECB monetary policy review looms

Tue, 08 Jan 2013

By Paul McBeth Jan. 8 (BusinessDesk) - The New Zealand dollar may gain against the euro as investors returning from the Christmas and New Year holidays prepare for the European Central Bank to review monetary policy this week amid fears the region's economy will continue to shrink this year. The kiwi increased to 63.66 euro cents at 5pm in Wellington from 63.54 cents yesterday. It was little changed at 83.53 US cents from 83.55 cents this morning, up from 82.94 cents yesterday. Traders are preparing for the ECB to review its benchmark inte...

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