NZ dollar rises to 18-month high vs euro after ECB extends asset purchases

Thu, 08 Dec 2016

By Jonathan Underhill Dec. 9 (BusinessDesk) - The New Zealand dollar rose to an 18-month high against a broadly weaker euro after the European Central Bank extended its asset purchase programme by nine months and signalled it wasn't about to exit the market. The kiwi dollar traded at 67.57 euro cents as at 8am in Wellington and earlier touched 67.71 cents, the highest since May 2015. The local currency fell to 71.69 US cents from 72.10 cents yesterday as the ECB's decision also helped lift the greenback. ECB President Mario Draghi surp...

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