NZ dollar rises as traders pull back bets for future greenback gains

Sun, 06 Dec 2015

By Tina Morrison Dec. 7 (BusinessDesk) - The New Zealand dollar jumped to a five-week high even as US jobs data cemented bets for the Federal Reserve to raise interest rates next week, as traders predict the hike was already priced in and turned their attention to the likely pace of increases next year. The kiwi touched 67.86 US cents, and was trading at 67.36 cents at 8am in Wellington, from 67.44 cents at the New York close and 66.80 cents on Friday. The trade-weighted index was at 72.90 from 72.21 on Friday. The US dollar failed to...

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