NZ dollar rises against euro after weak reports signal ECB may add more stimulus

Wed, 24 Sep 2014

By Tina Morrison Sept. 25 (BusinessDesk) - The New Zealand dollar jumped against the European common currency overnight after a report signalled further weakness in the European economy, fuelling bets the European Central Bank may add further stimulus. The kiwi rose to 63.14 euro cents at 8am in Wellington, from 62.85 cents at 5pm yesterday. The local currency slipped to 80.73 US cents from 80.80 cents yesterday as the greenback strengthened after data showed US new home sales rose to a six-year high in August. The euro weakened after...

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