NZ dollar rises after US jobs report lags expectations

Sun, 09 Nov 2014

By Tina Morrison Nov. 10 (BusinessDesk) - The New Zealand dollar rose after a key US employment report failed to meet expectations, weighing on the greenback. The kiwi jumped to 77.72 US cents at 8am in Wellington, from 77.51 cents at the New York close and 76.66 cents at 5pm in Wellington on Friday. The trade-weighted index advanced to 76.96 from 76.32 on Friday, A report late last week showed US employers added 214,000 non-farm payrolls in October, only slightly below economist expectations of around 235,000 but significantly lagging...

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