NZ dollar heads for 1.5% weekly fall vs. greenback as US employment figures loom

Fri, 07 Nov 2014

By Paul McBeth Nov. 7 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent weekly decline against the greenback ahead of US employment figures which are expected to show a strengthening labour market in the world's biggest economy, having touched a two-year low after headlines of a major earthquake off Papua New Guinea's Britain Island. The kiwi fell as low as 76.62 US cents, the lowest since June 2012, and was trading at 76.65 cents at 5pm in Wellington from 77.80 cents on Friday in New York last week. It traded at 76.92...

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