NZ dollar falls as strong US jobs data pares Fed rate-cut expectations

Sun, 07 Jul 2019

By Rebecca Howard July 8 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected US jobs data pared expectations of a hefty rate cut by the Federal Reserve this month. The kiwi was trading a 66.20 US cents at 7:50 am versus 66.27 late Friday in New York and 66.77 at 5:10 pm Friday in Wellington. The trade-weighed-index was at 72.53 versus 72.59 late Friday in New York Total non-farm payroll employment increased by 224,000 in June and the unemployment rate was little changed at 3.7 percent, the US Bureau of Labor Stat...

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