NZ dollar touches record against euro after start of ECB bond-buying programme

Sun, 15 Mar 2015

By Tina Morrison March 16 (BusinessDesk) - The New Zealand dollar touched a record against the euro as the European common currency slumped in the first week of the European Central Bank's bond-buying programme. The kiwi hit a record 69.96 euro cents on Saturday morning, and was trading at 69.86 cents at 8am in Wellington, from 69.47 cents at 5pm on Friday. The local currency slipped to 73.21 US cents from 73.39 cents at the New York close and 73.75 cents on Friday. European stocks and bonds have rallied while the euro weakened after t...

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