NZ dollar headed for 0.5% weekly fall; US jobs data in focus

Fri, 05 Jul 2019

By Rebecca Howard July 5 (BusinessDesk) - The New Zealand dollar is headed for a 0.5 percent weekly fall as markets wait to see if US jobs data bolsters the case for a steeper July rate cut from the Federal Reserve. The kiwi was trading at 66.77 at 5:10pm versus 66.84 US cents at 7:55am and 67.17 cents late last Friday in New York. The trade-weighted index was at 72.92 versus 72.96. Markets are expecting the US economy to have delivered 160,000 new jobs in June, following a 75,000 gain in May. The unemployment rate is expected to remai...

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