NZ dollar holds recent gains on greater risk appetite

Mon, 04 Feb 2019

By Jenny Ruth Feb. 4 (BusinessDesk) - The New Zealand dollar is little changed and holding recent gains after much better-than-expected US jobs numbers on Friday sent a powerful signal that it’s still worth buying riskier assets, such as the kiwi currency. The kiwi was trading at 68.92 US cents at 5pm in Wellington from 68.91 at 8am. The trade-weighted index rose to 74.33 from 74.28. “It’s successfully weathered a stronger US dollar after the better than expected non-farm payrolls data,” says Peter Cavanaugh, senior adviser at Bancorp...

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