NZ dollar holds near month-high on stronger jobs market, Wheeler guidance

Thu, 04 Feb 2016

By Jonathan Underhill Feb. 4 (BusinessDesk) - The New Zealand dollar traded near a month-high as stronger headline labour market data and signals from Reserve Bank governor Graeme Wheeler that he won't rush to cut interest rates trumped weaker prices at this week's dairy products auction. The kiwi traded at 66.67 US cents at 5pm in Wellington, from 65.39 cents yesterday. Earlier today it touched 66.97 cents. The trade-weighted index gained to 72.63 from 71.99 yesterday. Unemployment unexpectedly fell to 5.3 percent in the fourth quart...

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