NZ dollar rises against euro after higher European inflation buoys confidence about growth

Sun, 01 Dec 2013

By Tina Morrison Dec. 2 (BusinessDesk) – The New Zealand dollar rose against the euro after higher European inflation dented expectations that the European Central Bank may have to ease monetary conditions further to stimulate growth. The kiwi touched 60.02 euro cents over the weekend and was trading at 59.82 cents at 8am in Wellington from 59.47 cents at the 5pm market close on Friday. The local currency rose to 81.31 US cents from 81.25 cents at the New York close and 80.99 cents in Wellington on Friday. The European common currency streng...

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