NZ dollar pares loss after upbeat US jobs report fuels bets on Fed action, weak Chinese trade numbers

Mon, 10 Mar 2014

By Paul McBeth March 10 (BusinessDesk) - The New Zealand dollar pared its loss after stronger-than-expected US labour data stoked optimism about the recovery of the US economy, which would let the Federal Reserve continue to trim its asset purchase programme, and as Chinese trade figures disappointed. The kiwi rose to 84.61 US cents at 5pm in Wellington from 84.38 cents at 8am, and unchanged from 84.61 cents at the New York close on Friday. The trade-weighted index fell to 79.19 from 79.28 last week. US employers added 175,000 jobs last m...

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