NZ dollar rangebound ahead of US payrolls data

NZ dollar rangebound ahead of US payrolls data
Rebecca Howard
The New Zealand dollar stuck to a tight range as the US dollar remains under pressure ahead of key jobs data there overnight Friday. The kiwi was trading at 62.62 US cents at 5pm in Wellington from 62.69 cents at 7:50 am. The trade-weighted index was at 70.04 from 70.14. The kiwi got a strong lift overnight after weak US private-sector jobs data and “took a bit of a rest today,” said Westpac Bank senior market strategist Imre Speizer. The greenback – already under pressure after weak manufacturing data the previous day – took a further tu...

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