NZ dollar falls as US non-manufacturing index jumps, ADP jobs drop as expected

Wed, 04 Oct 2017

By Jonathan Underhill Oct. 5 (BusinessDesk) - The New Zealand dollar fell as an index of the US non-manufacturing sector jumped, underpinning confidence in the economy, while a measure of private payrolls fell as expected in the wake of hurricane disruptions. The kiwi declined to 71.64 US cents as at 8am in Wellington from 71.80 cents late yesterday. The trade-weighted index fell to 75.59 from 75.74. The US Institute for Supply Management's non-manufacturing index climbed to 59.8 in September, the highest in 12 years and exceeding eco...

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