NZ dollar edges up as traders await data for clues on Fed rate hikes

Mon, 29 Aug 2016

By Jonathan Underhill Aug. 30 (BusinessDesk) - The New Zealand dollar rose as traders await economic data that may provide clues to the timing of US interest rate hikes after US Federal Reserve officials revived expectations of a move this year. The kiwi traded at 72.54 US cents at 8am in Wellington, from 72.39 cents late yesterday.The trade-weighted index rose to 77.23 from 77.14. US Labour Department figures on Friday are expected to show the US economy added 180,000 jobs in August, based on a Reuters forecast, a strong enough pace t...

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