NZ dollar rises after US employment data fails to meet expectations of some traders

Sun, 08 Dec 2013

By Tina Morrison Dec. 9 (BusinessDesk) – The New Zealand dollar jumped 1 US cent from local trading on Friday after key US employment data failed to meet the expectations of some short-term traders who had bet the data would print even higher. The kiwi touched 82.93 US cents this morning, its highest level in more than two weeks, and was trading at 82.82 US cents at 8am in Wellington from 82.81 cents at the New York close and 81.96 cents at 5pm in Wellington on Friday. The trade-weighted index advanced to 77.76 from 76.97 in Wellington on Fri...

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