NZ dollar heads for 1.7% weekly gain as oil prices slow slide; US payrolls loom

Fri, 09 Jan 2015

By Paul McBeth Jan. 9 (BusinessDesk) - The New Zealand dollar is heading for a 1.7 percent weekly gain as the recent decline in oil prices took a breather, prompting investors to wind back their support for the greenback ahead of US employment figures. The kiwi rose to 78.33 US cents at 5pm in Wellington from 77.02 cents on Friday in New York last week, and was up from 78.17 cents at 8am and 77.93 cents yesterday. The trade-weighted index is heading for a 0.8 percent weekly gain to 79.98 from 79.35 last week, and up from 79.74 yesterday....

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