NZ dollar heads for 1.3% weekly fall as greenback firms, US jobs data looms

Fri, 05 Sep 2014

By Paul McBeth Sept. 5 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent weekly decline against the greenback as a string of US economic data firms up support for the world's reserve currency on expectations the Federal Reserve will start hiking interest rates early, and as US employment figures loom. The kiwi fell to 82.84 US cents at 5pm in Wellington from 83.97 cents on Friday in New York last week, and was down from 83.11 cents at 8am and 83.20 cents yesterday. The trade-weighted index was little changed at 78.77 fr...

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