NZ dollar eases on strong US jobs growth; focus on RBNZ

Sun, 04 Nov 2018

By Rebecca Howard Nov. 5 (BusinessDesk) - The New Zealand dollar eased against the greenback after strong US jobs and wages growth reinforced expectations the Federal Reserve will raise rates in December. The kiwi traded at 66.36 at 8am in Wellington versus 66.52 at 5pm last Friday. The trade-weighted index was at 72.42 from 72.74. US employers added 250,000 jobs to their payrolls in October and unemployment held at a 49-year low of 3.7 percent. Also, wages increased 3.1 percent from a year earlier, the biggest year-over-year gain for...

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