NZ dollar benefits from weaker-than-expected US jobs data

Wed, 02 Oct 2019

The New Zealand dollar was higher as a slowdown in US monthly private-sector hiring added to concerns about the health of the world's largest economy. The kiwi was trading at 62.69 US cents at 7:50 am in Wellington versus 62.46 cents at 5:30 pm yesterday. The trade-weighted index was at 70.14 from 69.84. The greenback – already under pressure after weak manufacturing data the previous day – took a further tumble when hiring by US private firms slowed further in September, with private employers adding 135,000 jobs, the ADP National Employ...

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