The New Zealand dollar fell to a 17-month low against the euro after German trade data added to signs of stronger growth for the economic bloc's biggest member.
The kiwi fell to 59.86 euro cents as at 8am in Wellington, and earlier touched the lowest since May last year at 59.82 cents, from 60.05 cents late yesterday. The kiwi traded at 70.69 US cents from 70.68 cents yesterday.
See live rates for the NZ-US $ below. Click for more information:
Export growth lifted Germany's trade surplus in August to a seasonally adjusted 21.6 billion euros, beating the forecast in a Reuters survey of 20 billion euros. Exports gained 3.1 per cent while imports rose 1.2 per cent. Stronger data in the eurozone points to an end to quantitative easing and comes as concern eases that Catalonia will break away from Spain. In New Zealand, political hiatus remains, with the likely outcome delayed.