NZ dollar surges against euro as weaker data prompts speculation ECB will add more stimulus

Thu, 31 Oct 2013

By Tina Morrison Nov. 1 (BusinessDesk) – The New Zealand dollar jumped three quarters of a cent against the euro after weaker inflation and higher unemployment in the euro-zone raised expectations the European Central Bank may move to further stimulate the regional economy. The kiwi touched 60.94 euro cents early this morning, and was trading at 60.79 cents at 8am in Wellington, from 60.18 cents at the 5pm market close yesterday. The kiwi increased to 82.62 US cents from 82.49 cents yesterday. The European common currency declined sharply a...

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