NZ dollar rises to five-month high vs. euro on concerns about low inflation, Greece

Mon, 05 Jan 2015

By Tina Morrison Jan. 6 (BusinessDesk) - The New Zealand dollar rose to its highest in more than five months against the euro after a report showed German inflation slowed to the lowest level in more than five years, increasing the prospect the European Central Bank will need to add further stimulus to prevent deflation. The kiwi touched 64.68 euro cents, and was trading at 64.47 cents at 8am in Wellington, from 63.86 cents at 5pm yesterday. The local currency advanced to 76.95 US cents from 76.28 cents yesterday. The euro is under pre...

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