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NZ dollar gains vs euro after German coalition talks break down

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The New Zealand dollar gained against the euro after German coalition talks broke down, raising concerns about Chancellor Angela Merkel's political future and the ramifications on the wider regional economy.

The kiwi rose to 58.03 euro cents as at 5pm in Wellington from 57.64 euro cents as at 8am and 57.81 cents last week. It traded at 68.11 US cents from 68.06 cents as at 8am, having touched a 17-month low 67.79 cents in New York on Friday.

The euro came under pressure in Asian trading and is likely to fall further when Europe opens after German leader Merkel said efforts to........

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