NZ dollar rises above 66 euro cents for first time as euro confidence dips

Mon, 30 Jul 2012

By Jonathan Underhill July 31 (BusinessDesk) - The New Zealand dollar rose above 66 euro cents for the first time since the currency entered circulation in 2002 after euro-zone economic confidence fell to a three-year low and traders awaited European Central Bank’s monetary policy review. The kiwi dollar rose as high as 66.14 euro cents from 65.72 cents at 5pm in Wellington yesterday and recently traded at 65.93 cents. The local currency edged up to 80.85 US cents from 80.74 cents. An index of economic confidence in the euro area fell to 87....

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