NZ dollar gains as US wage fall risks Fed rate track

Mon, 12 Jan 2015

By Paul McBeth Jan. 12 (BusinessDesk) - The New Zealand dollar rose as lower US wages caused investors to question how quickly the Federal Reserve will hike interest rates when it starts tightening monetary policy this year. The kiwi increased to 78.54 US cents at 5pm in Wellington from 78.38 cents at 8am and 78.35 cents on Friday in New York. The trade-weighted index declined to 79.77 from 79.98 last week. US data on Friday showed the world's biggest economy added more jobs than expected in December and the unemployment rate fell to i...

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