NZ dollar falls as strong US jobs report fuels greenback

Sun, 05 Oct 2014

By Paul McBeth Oct. 6 (BusinessDesk) - The New Zealand dollar fell after better-than-expected US employment figures fuelled optimism about the strength of recovery in the world's biggest economy, stoking demand for the greenback. The kiwi traded at 77.65 US cents at 8am in Wellington from 77.62 cents at the close of trading in New York, down from 78.64 cents at the New Zealand close last week. The trade-weighted index dropped to 76.28 from 76.63 at 5pm in Wellington last Friday. The US added 248,000 jobs in September, pushing the unemp...

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