NZ dollar rises in volatile trading after US labour data

Sun, 09 Aug 2015

By Tina Morrison Aug. 10 (BusinessDesk) - The New Zealand dollar gained in volatile trading over the weekend as investors weighed the likelihood of an interest rate hike in the US next month following labour market data on Friday. The kiwi rose as high as 66.36 US cents, and was trading at 66.03 cents at 8am in Wellington from 66.16 cents at the New York close and 65.54 cents on Friday. The trade-weighted index jumped to 70.41 from 69.99 on Friday. The US dollar index, which measures the greenback against a basket of currencies, declin...

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