NZ dollar holds near 11-month low as Chinese data, US jobs report weigh

Mon, 10 Jun 2013

By Paul McBeth June 10 (BusinessDesk) - The New Zealand dollar held near an 11-month low after weak Chinese data eroded demand for the local currency and a strong US jobs report spurred support for the greenback. The kiwi traded at 78.30 US cents at 5pm in Wellington from 78.37 cents at 8am, down from 78.85 cents on Friday in New York. The trade-weighted index dropped to 73.52 from 73.70 last week. Chinese manufacturing and trade figures released on the weekend were weaker than expected, sapping demand for the Australasian currencies with...

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