NZ dollar extends gain on soft US data

Wed, 03 Jul 2019

By Rebecca Howard July 4 (BusinessDesk) - The New Zealand dollar firmed as more soft data out of the US added to expectations the Federal Reserve will cut rates later this month. The kiwi was trading at 67.04 US cents at 8am in Wellington versus 66.78 cents at 5pm. The trade-weighted index was at 73.18 from 72.97. The ADP National Employment report - which comes ahead of monthly non-farm payrolls data on Friday - showed private employers in the US added 102,000 jobs in June, below expectations of a 135,000 increase. "The kiwi sur...

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