NZ dollar gains in volatile trading ahead of US jobs figures

Thu, 06 Jun 2013

By Tina Morrison June 7 (BusinessDesk) – The New Zealand dollar gained in volatile trading as investors eye US job figures today for signs of a recovery in the world’s largest economy. The kiwi yesterday dropped to as low as 78.99 US cents, and early this morning traded as high as 81.01 cents. The local currency recently bought 80.33 US cents from 79.09 cents at 5pm in Wellington yesterday. Investors are eyeing the US payrolls report for signs employment, a key driver of economic recovery, is picking up. Federal Reserve Chairman Ben Bernank...

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