NZ dollar gains as investors temper optimism over upbeat US jobs

Mon, 08 Jul 2013

By Tina Morrison July 9 (BusinessDesk) – The New Zealand dollar gained after investors bet the greenback had advanced too far too fast following upbeat US employment numbers last week. The kiwi increased to 78.01 US cents from 77.26 cents at the 5pm market close in Wellington yesterday. The trade-weighted index advanced to 74.68 from 74.21 yesterday. The US dollar index, which measures the greenback against the currencies of six major trading partners, retreated overnight after surging to a three-year high following better than expected job...

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