NZ dollar climbs to 2-week high after tepid US wages growth

Mon, 12 Mar 2018

By Rebecca Howard March 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high against the greenback, joining a rally across Asian equity markets, after a slowdown in the pace of US wage growth led investors to pare back US rate hike expectations. The kiwi climbed as high as 73.23 US cents and traded at 73.18 cents as at 5pm in Wellington from 72.89 cents at 8am and 72.80 cents on Friday in New York. The trade-weighted index advanced to 75.03 from 74.70 last week. Government figures last Friday showed US average hourly ear...

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