NZ dollar drops after robust US jobs report; RBNZ looms

Sun, 07 Dec 2014

By Jonathan Underhill Dec. 8 (BusinessDesk) - The New Zealand dollar fell after figures showed the US added more jobs than expected last month, adding to evidence the world's biggest economy is robust enough to warrant higher interest rates and helping lift the greenback. The kiwi fell to 76.99 US cents at 8am in Wellington from 77.04 cents in late New York trading on Friday and down from 77.78 cents in Asia at the end of last week. The trade-weighted index dropped to 78.04 from 77.28 in Wellington on Friday. The Dow Jones Industrial A...

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