NZ dollar falls ahead of US nonfarm payrolls which stoke US rate hike bets

Thu, 05 Nov 2015

Nov. 5 (BusinessDesk) - The New Zealand dollar fell ahead of US labour market figures that may add to the case for the Federal Reserve to raise interest rates from near zero next month. The kiwi traded at 65.95 US cents as at 5pm in Wellington, having earlier fallen as low as 65.68 cents, from 66.58 cents late yesterday. The trade-weighted index slid to 71.40 from 71.76 yesterday. US nonfarm payrolls, which are closely watched by the Fed, are expected to show the world's biggest economy added 180,000 jobs last month, while the unemploymen...

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