NZ dollar heads for 1.2 percent weekly decline as weak dairy weighs, US jobs report looms

Fri, 04 Apr 2014

By Paul McBeth April 4 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent weekly decline after falling dairy prices stoked concerns about the strength of the local recovery, and as investors wait for US jobs figures which are expected to show the world’s biggest economy is improving. The kiwi fell to 85.58 US cents at 5pm in Wellington from 86.58 cents at the New York close last Friday. It increased from 85.38 cents at 8am and 85.43 cents yesterday. The trade-weighted index rose to 80.12 from 79.94 yesterday, and is headin...

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