NZ dollar surges against British pound, euro after central banks highlight easing bias

Thu, 04 Jul 2013

By Tina Morrison July 5 (BusinessDesk) – The New Zealand dollar surged against the British pound and the euro after central banks there highlighted their easing bias, increasing demand for the higher yielding local currency as rates in New Zealand are set to climb. The kiwi rose to a month high of 52.17 British pence, and recently traded at 51.95 pence, from 50.97 pence at the 5pm market close in Wellington yesterday. The local currency also jumped to a three-week high of 60.85 euro cents, recently trading at 60.67 cents from 59.87 cents yest...

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