NZ dollar falls as weak jobs data stokes view interest rates won't rise

Wed, 02 Aug 2017

By Rebecca Howard Aug. 2 (BusinessDesk) - The New Zealand dollar fell after weaker-than-expected employment in the second quarter added to the view the central bank will keep interest rates firmly on hold for longer. The kiwi was trading at 74.28 US cents at 5pm versus 74.70 US cents at 8am in Wellington from 75.04 cents late yesterday while the trade-weighted index was at 78.16 from 78.72. The kiwi took a tumble after Statistics New Zealand released figures showing employment shrank 0.2 percent in the three months ended June 30. Econ...

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