NZ dollar declines as traders bet on rebound in US jobs data

Sun, 03 May 2015

By Tina Morrison May 4 (BusinessDesk) - The New Zealand dollar declined as investors favoured the US dollar on the expectation better jobs data this week will show the US economy is improving. The kiwi fell to 75.30 US cents at 8am in Wellington, from 75.34 cents at the New York close and 75.85 cents at 5pm in Wellington on Friday. The trade-weighted index slipped to 78.02 from 78.34 on Friday. The US dollar index, which measures the greenback against a basket of currencies, rose over the weekend on optimism the US economy may be stabi...

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