NZ dollar claws back some ground after post-payrolls slump, seen heading lower

Mon, 09 Nov 2015

By Jonathan Underhill Nov. 9 (BusinessDesk) - The New Zealand dollar clawed back some ground, having slumped in the wake of stronger-than-expected US jobs figures that made a December interest rate hike in the US more of a certainty. The kiwi traded at 65.59 US cents at 5pm in Wellington, having earlier fallen as low as 64.95 cents from 66.09 cents at the end of last week in Asia. The trade-weighted index was at 71.23 from 71.62 on Friday. The US dollar index, which measures the greenback against a basket of currencies, jumped to its h...

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