NZ dollar advances after US employment report misses expectations

Sun, 07 Sep 2014

By Tina Morrison Sept. 8 (BusinessDesk) - The New Zealand dollar advanced after a US employment report printed weaker than expected, reviving expectations the Federal Reserve may keep interest rates at record lows for longer. The kiwi was at 83.12 US cents at 8am in Wellington, from 83.26 cents at the New York close and 82.84 cents at 5pm in Wellington on Friday. The trade-weighted index gained to 79.01 from 78.77 on Friday. The US dollar index, which measures the greenback against a basket of currencies, slipped after the US non-farm...

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