MARKET OPEN: Kiwi under pressure, corporate earnings in focus

Mon, 10 Aug 2020

The New Zealand dollar is weaker after a solid US jobs report but attention will now shift to local corporate earnings ahead of the Reserve Bank of New Zealand’s rate decision this week. The kiwi was trading at 65.90 US cents at 8am in Wellington versus 66.65 cents at 5pm Friday. The US added 1.76 million non-farm jobs in July, beating expectations of an increase of 1.48 million jobs, according to a Wall Street Journal survey of economists. “The US dollar rebound resumed as jobs data beat expectations and US-China tensions ratcheted up a...

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