NZ dollar little changed as US jobs report boosts greenback

Mon, 06 Oct 2014

By Paul McBeth Oct. 6 (BusinessDesk) - The New Zealand dollar was little changed in local trading after stronger than expected US employment figures stoked demand for the greenback on a growing expectation the Federal Reserve will have to hike interest rates. The kiwi traded at 77.67 US cents at 5pm in Wellington from 77.65 cents at 8am, and 77.62 cents at the close of trading in New York on Friday. The trade-weighted index fell to 76.21 from 76.68 last week. The greenback held gains in the Asia-Pacific session, after Labor Department...

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