NZ dollar heads for 1.5% weekly decline as markets shy away from risk; US jobs report looms

Fri, 04 Sep 2015

By Paul McBeth Sept. 4 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent weekly drop against the greenback as investors continue to spurn risk-sensitive assets against the backdrop of weak Chinese stock markets, and ahead of US employment figures that keep alive a rate hike by the Federal Reserve this year. The kiwi fell to 63.59 US cents at 5pm in Wellington form 64.53 cents on Friday in New York last week. It traded at 63.92 US cents at 8am and 63.41 cents yesterday. The trade-weighted index is heading for a 0.8 perce...

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