NZ dollar pares loss vs. euro as investors mull make-up of Italian parliament

Mon, 25 Feb 2013

By Paul McBeth Feb. 25 (BusinessDesk) - The New Zealand dollar pared losses against the euro in the local session as investors mull the make-up of Italy's Parliament in the first election since the global financial crisis saw the installation of technocrat executive. The kiwi rose to 63.41 euro cents at 5pm in Wellington from 63.15 cents this morning, and little changed from 63.51 cents on Friday in New York. The currency was little changed at 83.63 US cents from 83.73 cents last week. Frontrunner Pier Luigi Bersani of the Democratic Party...

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