NZ dollar slips to four-day low against Euro after ECB moves to neutral stance

Thu, 05 Dec 2013

By Tina Morrison Dec. 6 (BusinessDesk) – The New Zealand dollar slipped to a four-day low against the euro after the European Central Bank indicated it has moved to a more neutral stance after cutting interest rates last month. The kiwi dropped as low as 59.77 euro cents early this morning and was trading at 60.12 cents at 8am in Wellington from 60.40 at 5pm yesterday. The local currency edged up to 82.16 US cents from 82.07 cents yesterday. The 17-nation European currency appreciated after the ECB yesterday kept its key interest rate uncha...

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