NZ dollar gains as investors seek yield after US jobs data disappoints

Sun, 06 Apr 2014

By Tina Morrison April 7 (BusinessDesk) – The New Zealand dollar popped above 86 US cents at the weekend after a key US jobs report failed to meet the expectations of some investors, spurring demand for higher-yielding currencies. The kiwi touched a high of 86.03 US cents and traded at 85.81 cents at 8am in Wellington from 85.97 cents at the New York close and 85.59 cents at 5pm in Wellington on Friday. The trade-weighted index advanced to 80.22 from 80.14 on Friday. The US dollar index, which measures the greenback against a basket of curr...

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