NZ dollar rises ahead of NZ jobs data, US Fed decision

Mon, 29 Apr 2019

By Jenny Ruth April 29 (BusinessDesk) - The New Zealand dollar was slightly stronger as markets await local March-quarter jobs numbers on Wednesday and the release of the Federal Reserve’s latest views on monetary policy the next day. The kiwi was trading at 66.79 US cents at 5pm in Wellington from 66.60 at 8am. The trade-weighted index rose to 72.82 points from 72.62. Peter Cavanaugh, the senior client advisor at Bancorp Treasury Services, says the local currency has performed well against the US dollar since GDP data was released the...

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