NZ dollar trades in tight range as ECB confirms end to quantitative easing

Thu, 13 Dec 2018

By Paul McBeth Dec. 14 (BusinessDesk) - The New Zealand dollar traded in a tight range as the European Central Bank confirmed it will end its quantitative easing programme at the end of the month, despite a gloomier economic outlook. The kiwi was little changed at 68.62 US cents as at 8am in Wellington from 68.56 cents yesterday and traded at 60.38 euro cents from 60.31 cents. ECB president Mario Draghi confirmed plans to stop the bond-buying programme at the end of December, bringing an end to the extraordinary stimulus package desi...

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