NZ dollar heads for 2.1% weekly fall vs. USD ahead of jobs report

Fri, 07 Oct 2016

By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent weekly decline against the greenback in the lead-up to US employment data that will give investors another steer on whether the Federal Reserve will raise interest rates later this year. The kiwi fell to 71.32 US cents at 5pm in Wellington from 72.81 cents on Friday in New York last week, and down from 71.67 cents yesterday. The trade-weighted index was heading for a 1.2 percent weekly decline to 76.32, down from 76.44 yesterday. Economists pre...

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