The EUR has performed remarkably well recently, despite rate cuts from the ECB. The ECB meet again this coming week and may well offer further rate cuts, to the markets. This would ordinarily add downward pressure to the EUR, but it appears the added stimulation to a recessionary European economy, offers a balance.
The current interbank midrate is: NZDEUR .5600 EURNZD 1.7860
The interbank range this week has been: NZDEUR .5560 – .5610 EURNZD 1.7713 – 1.7927