NZ dollar falls to 4-month low as US jobs growth adds to view Fed will hike again in June

Wed, 02 May 2018

By Jonathan Underhill May 3 (BusinessDesk) - The New Zealand dollar fell to its lowest level in more than four months as further signs of a robust US jobs market stoked expectations that the Federal Reserve will raise interest rates again next month. The kiwi dollar traded at 69.88 US cents as at 8am in Wellington and earlier touched 69.81 cents, the lowest since late December, from 70.12 cents late yesterday. The trade-weighted index fell to 73.12 from 73.25. The Federal Open Market Committee kept the fed funds rate unchanged as expec...

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