NZ dollar heads for 0.9% weekly decline as US jobs data looms

Fri, 06 Mar 2015

By Paul McBeth March 6 (BusinessDesk) - The New Zealand dollar is heading for a 0.9 percent weekly decline ahead of US employment figures, which will provide a gauge on the strength of the world's biggest economy and give the greenback its next cue for a direction. The kiwi fell to 74.95 US cents at 5pm in Wellington from 75.60 cents on Friday in New York last week. It traded at 74.60 US cents at 8am and 75.50 cents yesterday. The trade-weighted index fell to 78.14 from 78.66 yesterday, and is heading for a 0.3 percent weekly decline....

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