NZ dollar dips from 2-month high as weak US wages weigh on greenback

Mon, 07 Mar 2016

By Paul McBeth March 7 (BusinessDesk) - The New Zealand dollar slipped from a two-month high as falling US wages weighed on the greenback and a recovery in investor confidence stoked demand for risk-sensitive assets such as the kiwi. The local currency dipped to 67.94 US cents at 5pm in Wellington from 68.12 cents on Friday in New York, and near the two-month high 68.19 cents it reached during the Northern Hemisphere session. The trade-weighted index rose to 73.09 from 72.85 last week. The kiwi benefited from a weaker greenback after...

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