NZ dollar heads for 1.2% weekly gain on strong jobs numbers, RBNZ

Fri, 09 Nov 2018

By Rebecca Howard Nov. 9 (BusinessDesk) - The New Zealand dollar is headed for a 1.2 percent weekly lift, underpinned by strong domestic jobs data and a slightly more upbeat central bank, although it pared some gains when the US Federal Reserve reinforced expectations it will rate interest rates in December. The kiwi traded at 67.33 US cents at 5pm in Wellington versus 67.61 US cents at 8.36am in Wellington and 67.88 cents late yesterday. It was at 66.52 US cents late last Friday. The trade-weighted index was at 73.57 from 73.87. It...

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