NZ dollar edges up toward 71 US cents ahead on US non-farm payrolls

Fri, 02 Dec 2016

By Jonathan Underhill Dec. 2 (BusinessDesk) - The New Zealand dollar rose ahead of the release of US employment data, which is expected to build the case for a Federal Reserve rate hike this month and potentially more to come. The kiwi dollar traded at 70.96 US cents as at 5pm in Wellington from 70.81 cents late yesterday. The trade-weighted index recovered to 78, little changed from the previous day, having dipped to 77.85 at the start of the day. The kiwi is heading for a one percent decline against the US dollar in the week. The US...

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