NZ dollar falls after US employment prints better than expected, bolstering greenback

Sun, 09 Mar 2014

By Tina Morrison March 10 (BusinessDesk) – The New Zealand dollar weakened after a key measure of US employment posted stronger-than-forecast gains, reinforcing expectations the Federal Reserve will continue to taper its stimulus programme and boosting the greenback. The kiwi weakened to 84.38 US cents from 84.61 cents at the New York close and 84.78 cents at 5pm on Friday. The trade-weighted index slipped to 79.01 from 79.29 on Friday. The US dollar index, which measures the greenback against a basket of currencies, advanced after a report...

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