NZ dollar declines, trading in narrow range, ahead of key US jobs data

Mon, 21 Oct 2013

By Tina Morrison Oct. 22 (BusinessDesk) – The New Zealand dollar declined after trading in a narrow range overnight as investors await the release of key US jobs data which was delayed by a partial government shutdown. The kiwi traded in a 64 basis point range overnight, slipping to 84.55 US cents at 8am in Wellington from 84.88 cents at the 5pm market close yesterday. The trade-weighted index dropped to 77.92 from 78.18 yesterday. This month’s US political standoff delayed the release of the jobs data for September which the Federal Reserv...

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