NZ dollar declines as US labour market data keeps door open to potential rate hike

Sun, 06 Sep 2015

By Tina Morrison Sept. 7 (BusinessDesk) - The New Zealand dollar declined after US labour market data left open the possibility of US interest rate hikes this month. The kiwi fell to 62.89 US cents at 8am in Wellington, from 62.77 cents at the New York close and 63.61 cents at 5pm on Friday. The trade-weighted index slipped to 68.75 from 69.27 on Friday. Traders are split on whether the Federal Reserve will raise interest rates for the first time since 2006 at its Sept. 16-17 meeting amid concern about global growth. US employment data...

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