NZ dollar holds near 4-month low as lower US jobless rate helps greenback, MPS looms

Sun, 06 May 2018

By Jonathan Underhill May 7 (BusinessDesk) - The New Zealand dollar held near its lowest levels in more than four months as the US unemployment rate fell more than expected and traders looked ahead to a week that includes the Reserve Bank's policy review and the Australian budget. The kiwi traded at 70.16 US cents as at 8am in Wellington from 70.18 cents in New York on Friday and from 70.23 cents in Asia at the end of last week. It dropped to 69.83 cents last week, the lowest since late December. The trade-weighted index was at 73.29 fro...

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