Kiwi dollar firms on Fed comments, US jobs growth

Sun, 06 Jan 2019

By Gavin Evans Jan. 7 (BusinessDesk) - The New Zealand dollar opened firmer after strong jobs data in the US helped calm rattled equity markets and offered an improved growth outlook for 2019. The kiwi was trading at 67.40 US cents at 9am from 67.29 cents in New York Friday and 67.02 US cents at 5pm in Wellington last week. The trade weighted index was at 73.32 from 73.16 points here on Friday. The kiwi firmed after December jobs growth in the US proved stronger than expected and after Federal Reserve chair Jerome Powell said the US ce...

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