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NZ dollar heads for 1.2% weekly gain as greenback hit by euro strength

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12.01.2018

The New Zealand dollar is heading for a 1.2 percent weekly, pushing higher against a slumping greenback after minutes from the European Central Bank's December meeting boosted investor expectations it is planning to end its massive stimulus programme.

The kiwi traded at 72.54 US cents as at 5pm from 72.48 US cents at 8am and up from 71.88 cents yesterday. It was at 71.67 US cents last Friday in New York. The trade-weighted index advanced to 75.20 from 74.78 yesterday

The ECB minutes showed officials considered a move "early in the coming year" to further........

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