NZ dollar tumbles vs euro as Draghi talks up European economic outlook

Tue, 27 Jun 2017

By Jonathan Underhill June 28 (BusinessDesk) - The New Zealand dollar dropped to a two-week low against the euro after European Central Bank president Mario Draghi talked up the prospects for Europe's economic recovery and signs that inflation is stirring. The kiwi fell to 64.10 euro cents as at 8am in Wellington from 65.25 cents late yesterday. The local currency slipped to 72.72 US cents from 73 cents. Draghi said at the ECB's annual policy forum in Portugal that "all the signs now point to a strengthening and broadening recovery in...

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