NZ dollar holds gains as muted US wage growth weighs on Fed rate outlook

Sun, 11 Mar 2018

By Paul McBeth March 12 (BusinessDesk) - The New Zealand dollar held its gains as weaker-than-expected US wage growth weighed on the outlook for US interest rates, while domestic economic data and trade uncertainty remain the focus for local investors. The kiwi traded at 72.89 US cents as at 8am in Wellington from 72.80 cents on Friday in New York, up from 72.65 cents at the local close last week. The trade-weighted index was at 74.79 from 74.70 last week. The US dollar index edged lower after figures showed US average hourly earning...

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