NZ dollar extends decline ahead of key US job figures

Thu, 06 Oct 2016

By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar extended its decline, trading near a two-month low, as looming US employment data keep the prospect of a rate hike by the Federal Reserve at the front of investors' minds. The kiwi fell to 71.48 US cents at 8am in Wellington from 71.67 cents yesterday. The trade-weighted index was little changed at 76.46 from 76.44. Economists predict the US added 172,000 jobs last month when non-farm payrolls data are released on Friday in Washington, and investors will be watching the fi...

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