NZ dollar pops above 79 US cents, pulled along by stronger euro

Thu, 02 Oct 2014

By Tina Morrison Oct. 3 (BusinessDesk) - The New Zealand dollar was pulled upwards by a strengthening euro after the European Central Bank failed to detail the size of its upcoming bond purchase plan, curbing bets it would expand its balance sheet enough to weaken the currency. The kiwi edged up to 78.98 US cents at 8am in Wellington, from 78.84 cents at 5pm yesterday. It touched a high of 79.22 US cents. The trade-weighted index advanced to 76.85 from 76.72 yesterday. The euro jumped against the US dollar after ECB president Mario Dra...

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