NZ dollar edges up as US employment figures loom

Fri, 06 Sep 2013

By Paul McBeth Sept. 6 (BusinessDesk) - The New Zealand dollar increased in local trading ahead of US employment figures which are seen as the lynchpin to whether the US Federal Reserve will start “tapering” its US$85 billion monthly bond-buying stimulus. The kiwi rose to 79.08 US cents at 5pm in Wellington from 78.88 cents at 8am, and 78.95 cents yesterday. The trade-weighted index gained to 74.95 from 74.68 yesterday. US non-farm payroll statistics are expected to show the world’s biggest economy added 180,000 jobs last month and the une...

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