NZ dollar rises above 74 US cents for first time in 10 months as ECB hints at tapering

Thu, 20 Jul 2017

By Jonathan Underhill July 21 (BusinessDesk) - The New Zealand dollar rose above 74 US cents for the first time in 10 months as the greenback fell against the euro after comments from European Central Bank president Mario Draghi that policymakers would consider winding back quantitative easing measures. The kiwi climbed to 74.05 US cents as at 8am in Wellington from 73.45 cents late yesterday. The kiwi fell to 63.63 euro cents from 63.80 cents. The euro surged to its highest level against the US dollar since August 2015 after Draghi sa...

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