NZ dollar holds gains after upbeat Chinese trade, US jobs growth misses optimistic forecasts

Mon, 09 Dec 2013

By Paul McBeth Dec. 9 (BusinessDesk) - The New Zealand dollar held gains in local trading after figures on the weekend showed China lifted exports by more than expected last month, and after strong US jobs growth on Friday undershot optimistic forecasts by some traders. The kiwi traded at 82.91 US cents at 5pm in Wellington from 82.82 at 8am and 81.96 cents on Friday in New York. The trade-weighted index was 77.83 from 77.77 at the New York close. Investors rallied behind the trans-Tasman currencies after government figures showed China’s...

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