NZ dollar holds gains after US jobs data as presidential poll looms

Sun, 04 Nov 2012

Nov. 5 (BusinessDesk) - The New Zealand dollar held onto some of its gains following US non-farm payrolls, which showed employment in the world’s biggest economy is stronger than expected heading into the presidential election. The kiwi dollar traded at 82.38 US cents from 82.44 cents in late New York trading on Friday. The trade weighted index rose to 73.93 from 73.89. Figures on Friday showed US firms added 171,000 workers in October, beating estimates, though the jobless rate rose to 7.9 percent from 7.8 percent. The upbeat jobs number wa...

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