NZD stronger as weak US payrolls increase odds of interest rate cuts

NZD stronger as weak US payrolls increase odds of interest rate cuts
Rebecca Howard
By Rebecca Howard June 10 (BusinessDesk) - The New Zealand dollar held its gains after weaker-than-expected US jobs data increased speculation the Federal Reserve will move to lower interest rates there.   The kiwi was trading at 66.61 US cents at 7:55am versus 66.64 US cents late Friday in New York and 66.16 US cents at 5pm Friday in Wellington. The trade-weighted index was at 72.96 from 73.00 late Friday in New York. The US Bureau of Labor report showed a small 75,000 gain in non-farm payrolls and downward revisions to previous month...

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