NZ dollar gains against broadly weaker greenback after jobs report misses expectations

Sun, 04 Oct 2015

By Jonathan Underhill Oct. 5 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback after soft US labour market data reduced expectations the Federal Reserve will rush to raise interest rates. The kiwi rose to 64.59 US cents as at 8am in Wellington, from 64.36 cents in late New York trading on Friday and from 63.90 cents in Wellington at the end of last week. The trade-weighted index rose to 70.30 from 70.16 in New York and 69.73 in Wellington on Friday. The US added 142,00 jobs last month, Labor Department fig...

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