The New Zealand dollar may set a record high against the euro this week as further bad news ignites warnings the region’s leaders are far from finding a solution to the debt crisis and US data shows the market strengthening.

The kiwi dollar recently traded at 61.38 euro cents, up from 61.05 cents on Friday at 5pm. It is expected to break through its high of early August, 2011, of 61.70 euro cents, according to four out of the six analysts in a BusinessDesksurvey. The kiwi may trade in a range of 59.75 euro cents to 62 cents this week, they say

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– The Monster Employment Index Europe demonstrates a year-over-year growth of 11 percent in December, the slowest rate of growth seen in the Index since mid- 2010

– Germany continues to report the strongest growth trend of 32 percent, followed by 6 percent growth in UK and 4 percent in Sweden

– Engineering, up 28 percent, continues to register the largest rate of annual growth of all industries and leads for the fourth consecutive month despite a slightly eased pace from the 32 percent annual growth recorded in November

– Telecommunications, Production and Environment, architecture and urbanism record positive growth in December

– Public sector, down 14 percent, continues to remain among the slowest growth industries. Legal and Management and consulting also track annual rates of decline

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