The kiwi touched 71.20 euro cents over the weekend, and was trading at 70.95 cents at 8am in Wellington, from 70.89 cents at 5pm on Friday.
Warren Buffett says he thought the euro had “structural problems” from its inception.
'It sounds insane, but that’s what’s going on in Europe at the moment'
John Key sees no path for currency union because EU experiment has failed so dismally.
Spending on oil products down by 7.9% in February compared with 9.3% in January
As a result, investors eschewed risk-sensitive currencies such as the kiwi and Australian dollars.
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