NZ dollar gains after weak US jobs figures weigh on tapering expectations

Sun, 12 Jan 2014

By Paul McBeth Jan. 13 (BusinessDesk) - The New Zealand dollar gained after weaker than expected US employment figures on Friday sapped optimism over the pace of the Federal Reserve’s plans to scale back its asset purchase programme. The kiwi traded at 82.99 US cents at 8am in Wellington, unchanged from the New York close and up from 82.46 cents at 5pm in Wellington. The trade-weighted index edged up to 78.23 from 78.14 on Friday in Wellington. The Dollar Index, a measure of the greenback against a basket of currencies, dropped 0.9 percen...

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