NZ dollar falls as ADP data helps greenback, RBNZ looms

Wed, 03 Aug 2016

By Jonathan Underhill Aug. 3 (BusinessDesk) - The New Zealand dollar fell after private payrolls data in the US printed stronger than expected and as traders look ahead to next week's Reserve Bank statement and the extent of easing that may be built in. The kiwi dollar fell to 71.55 US cents as at 8am in Wellington, from 72 cents late yesterday. The trade-weighted index slipped to 76 from 76.46. US companies added 179,000 jobs last month, according to the ADP Research Institute, exceeding the 170,000 forecast and suggesting the offici...

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