NZ dollar rises to 21-month high vs. euro on deflation; hits new high vs. Aussie

Wed, 07 Jan 2015

By Tina Morrison Jan. 8 (BusinessDesk) - The New Zealand dollar rose to a 21-month high against the euro after data showed the Eurozone slipped into deflation, increasing pressure on the European Central Bank to add further stimulus. The kiwi touched a fresh post-float high against the Australian dollar as investors favour the outlook for the local economy. The kiwi touched 65.74 euro cents, and was trading at 65.63 cents at 8am in Wellington, from 65.28 cents at 5pm yesterday. The local currency touched 96.52 Australian cents, its highes...

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