NZ dollar falls after short-lived bounce on strong jobs data

Tue, 06 Aug 2019

By Jenny Ruth Aug. 6 (BusinessDesk) - The New Zealand dollar weakened after a short-lived bounce on stronger-than-expected employment numbers. Economists don’t expect the data will prevent the Reserve Bank from cutting its official cash rate tomorrow. The kiwi was trading at 65.29 US cents at 5pm in Wellington, down from the day’s high of 65.85 cents and from 65.36 cents at 8am. The trade-weighted index was at 72.54 points from 72.67. The currency drifted lower as the day wore on as the worsening trade dispute between China and the US ...

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