NZ dollar little changed ahead of key US employment data; Fed tapering in focus

Thu, 05 Sep 2013

By Tina Morrison Sept. 6 (BusinessDesk) – The New Zealand dollar is little changed ahead of a key US employment report tonight where strong data is expected to signal that the Federal Reserve will start to taper its bond buying stimulus programme this month. The kiwi was at 78.88 US cents at 8am in Wellington from 78.95 cents at 5pm yesterday. The trade weighted index edged up to 74.80 from 74.68 yesterday. Investors are awaiting US non-farm payroll data tonight which is expected to show the world’s largest economy added 180,000 jobs in Aug...

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