NZ dollar gains as traders digest weak US employment numbers

Mon, 05 Oct 2015

By Paul McBeth Oct. 5 (BusinessDesk) - The New Zealand dollar gained in local trading as investors weighed up the impact of weaker-than-expected US employment figures and what that means for the Federal Reserve's track to raise interest rates. The kiwi traded at 64.65 US cents at 5pm in Wellington from 64.59 cents at 8am, up from 64.36 cents on Friday in New York. The trade-weighted index edged up to 70.26 from 70.16 last week. Traders are weighing up whether the Fed will delay planned interest rate increases after Labor Department fig...

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