The New Zealand dollar surged against the British pound and the euro after central banks there highlighted their easing bias, increasing demand for the higher yielding local currency as rates in New Zealand are set to climb. The kiwi rose to a month high of 52.17 British pence, and recently traded at 51.95 pence, from 50.97 pence at the 5pm …

European stocks climbed as both the European Central Bank and the Bank of England reassured investors that interest rates will remain low to help their respective economies. “The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time,” ECB President Mario Draghi said at a press conference in Frankfurt. …

The New Zealand dollar gained against the greenback as investors slowed down the liquidation of their trans-Tasman holdings, which they embarked on amid growing expectations the Federal Reserve will start unwinding its money printing programme. The kiwi rose to 77.79 US cents at 5pm from 7.68 cents at 8am and 77.41 cents yesterday. The trade-weighted index rose to 74.07 from …