NZ dollar falls below 80 cents on weaker than expected US employment

Sun, 08 Jul 2012

By Hannah Lynch July 9 (BusinessDesk) - The New Zealand dollar fell from its recent two-month high against the greenback after US employment figures missed forecasts, reigniting fears the world's biggest economy isn't recovering as quickly as expected. The New Zealand dollar fell to 79.61 US cents just before 8am from 79.63 cents at the close of trading in New York and 80.15 cents at the close of local trading on Friday. The trade weighted index decreased to 72.55 from 72.70. Weak US job numbers dragged down markets on Wall Street with the...

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