NZ dollar falls as rally runs out of puff ahead of payrolls data

Fri, 03 Feb 2017

By Rebecca Howard Feb. 3 (BusinessDesk) - The New Zealand dollar continued to ease back Friday ahead of a three-day weekend on signs that a recent rally may be running out of steam. The kiwi dollar fell to 72.73 US cents as at 5 pm from 72.85 at 8 am and 72.98 US cents late Thursday. It fell to 95.10 Australian cents versus 95.52 Australian cents as the Aussie continued to benefit from stellar trade data this week. Chris Weston, chief market strategist at IG Markets, noted the kiwi has rallied around 6 percent since late December but...

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