NZ dollar gains vs. AUD as greenback strengthens

Thu, 31 Jul 2014

By Jonathan Underhill Jul. 31 (BusinessDesk) - The New Zealand dollar pared its decline from an eight-week low after failing to break below key support levels as traders await US labour market data due overnight Friday local time, which may provide clues to the timing of interest rate hikes in the world's biggest economy. The US Federal Reserve's Open Market Committee’s policy statement yesterday repeated that the US central bank sees slack in the labour market and traders will likely take a strong number as a sign the Fed is closer t...

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