NZ dollar jumps to week high on concern weak US jobs data may delay Fed hikes

Thu, 03 Mar 2016

By Tina Morrison March 4 (BusinessDesk) - The New Zealand dollar jumped to a week high amid concern weak US jobs data could prompt the Federal Reserve to slow the pace of interest rate hikes. The kiwi touched 67.55 US cents, and was trading at 67.50 cents at 8am in Wellington, from 66.72 cents at 5pm yesterday. The trade-weighted index advanced to 72.84 from 72.36 yesterday. The dollar index, which measures the greenback against a basket of currencies, touched a week low after a report showed US service sector employment declined in Fe...

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