NZ dollar falls after strong US jobs data; continuing concerns about China

Sun, 10 Jan 2016

By Tina Morrison Jan. 11 (BusinessDesk) - The New Zealand dollar fell after a better-than-expected US jobs report and amid continued investor concern about a slowdown in China. The kiwi was at 65.46 US cents at 8am in Wellington, from 65.38 cents at the New York close and 66.44 cents at 5pm on Friday. The trade-weighted index dropped to 72.24 from 72.99 on Friday. In the US on Friday, data showed employers added 292,000 jobs in December, exceeding the 200,000 forecast in a Reuters poll of economists, although a lack of wage inflation s...

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