NZ dollar rises above 73 cents for first time in a month on jobs data; Fed unchanged

Wed, 02 Nov 2016

By Jonathan Underhill Nov. 3 (BusinessDesk) - The New Zealand dollar rose above 73 US cents for the first time in a month after stronger-than-expected labour market data stoked speculation a widely anticipated rate cut by the central bank next week will be the last for now. The kiwi traded at 72.87 US cents, having earlier reached 73.09 cents, from 72.20 US cents late yesterday. The trade-weighted index climbed to 78.21, having touched 78.33, from 77.63 yesterday. The US dollar index was little changed after the Federal Reserve kept US...

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