NZ dollar gains as data shows jobs growth, lower unemployment rate, wages still flat

Wed, 03 May 2017

By Paul McBeth May 3 (BusinessDesk) - The New Zealand dollar rose as stronger-than-expected employment figures and an unexpectedly big increase in dairy prices stoked demand for the local currency, lifting it from the 10-month lows it hit last week. The kiwi climbed as high as 69.68 US cents and was trading at 69.48 cents as at 5pm in Wellington from 69.18 cents yesterday. The trade-weighted index rose to 75.37 from 74.99. Government figures today showed New Zealand's unemployment rate unexpectedly fell to 4.9 percent in the March qua...

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