NZ dollar advances as US employment data disappoints, risk appetite returns

Sun, 09 Feb 2014

By Tina Morrison Feb. 10 (BusinessDesk) – The New Zealand dollar advanced after a key US employment report pointed to a weaker economy than expected and as risk appetite returned to the market. The kiwi touched 84.95 yen over the weekend, its highest level this year, and was trading at 84.81 yen at 8am in Wellington from 83.89 yen at 5pm on Friday. The local currency was at 82.83 US cents, from 82.90 cents at the New York close and 82.27 cents at 5pm in Wellington on Friday. Investors are looking ahead to tomorrow night’s testimony by new...

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