NZ dollar edges up before RBA policy statement, US payrolls

Thu, 05 May 2016

By Jonathan Underhill May 5 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank of Australia's monetary policy statement tomorrow, which will help explain this week's cash rate cut, and US non-farm payrolls for April, which may provide clues to the timing of Federal Reserve rate hikes. The kiwi rose to 69.03 US cents as at 5pm in Wellington, from 68.85 cents late yesterday. The local dollar gained to 92.04 Australian cents from 91.81 cents yesterday. The RBA releases its monetary policy statement tomorrow, fleshing o...

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