NZ dollar drops to 2-1/2 month low as US private jobs, GDP data beats estimates

Wed, 30 Aug 2017

By Jonathan Underhill Aug. 31 (BusinessDesk) - The New Zealand dollar fell below 72 US cents to a 2 1/2-month low as reports on US economic growth and private jobs printed stronger than expected. The kiwi fell to 71.94 US cents as at 8am in Wellington and earlier touched 71.86 cents, the lowest since mid-June, from 72.61 cents late yesterday. The trade-weighted index fell to 75.50 from 75.89. US private payrolls rose by 237,000 in August, beating estimates of a 185,000 gain, after a revised 201,000 jobs were added in July. The figures...

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