NZ dollar falls ahead of US jobs as American economy comes back into focus

Tue, 22 Oct 2013

By Paul McBeth Oct. 22 (BusinessDesk) - The New Zealand dollar fell in local trading ahead of the release of US jobs data which was delayed by political jostling over the Federal budget as growth in the world’s biggest economy comes back into focus. The kiwi fell to 84.42 US cents at 5pm in Wellington from 84.55 cents at 8am and 84.88 cents yesterday. The trade-weighted index declined to 77.86 from 78.18 yesterday. Investors have renewed their focus on the US economy after legislators last week cut a deal approving the Federal budget and l...

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