NZ dollar targeting 61 US cents in short term

NZD/USD is nearly 10% higher than it was on April 9. (Image: Getty)

Mon, 09 Jun 2025

The New Zealand dollar opened slightly lower on Monday but still looks to be targeting 61 US cents in the short term.The kiwi was trading at 60.20 US cents early Monday in Wellington versus 60.53 US cents late Friday as steady US employment growth helped ease concerns about an imminent slowdown.It reached 60.81 last week, the highest this year, and nearly 10% above its level two months ago.The non-farm payrolls and unemployment data indicate that the US labour market has remained solid throughout the tariff turmoil and uncertainty, providing no...

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