NZ dollar gains after weaker US jobs data raises doubts over Fed tapering

Sun, 08 Sep 2013

By Tina Morrison Sept. 9 (BusinessDesk) – The New Zealand dollar rose after weaker US jobs data prompted some investors to pull back expectations for the Federal Reserve to start tapering its bond buying programme this month. The kiwi advanced to 80.09 US cents at 8am in Wellington from 79.96 cents at the New York close last week and 79.09 cents at 5pm in Wellington Friday. The trade-weighted index gained to 75.69 from 74.96 in Wellington Friday. The US dollar index, which measures the greenback against a basket of currencies, slipped after...

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