NZ dollar tumbles vs. euro after Draghi comments, gains on greenback

Thu, 10 Jan 2013

Jan. 11 (BusinessDesk) – The New Zealand dollar tumbled against the euro after European Central Bank President Mario Draghi said the euro-zone economy should gradually recover later this year and signalled there was no interest at the ECB in cutting interest rates. The kiwi dollar dropped to 63.68 euro cents from 64.37 cents at 5pm in Wellington yesterday. The local currency gained to 84.46 US cents from 84 cents. The ECB left its main refinancing rate at a record-low 0.75 percent in a unanimous decision and Draghi said the accommodative pol...

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