NZ dollar rises to 3-month high as US job gains beats forecast

Sun, 05 Aug 2012

By Hannah Lynch Aug. 6 (BusinessDesk) - The New Zealand dollar rose to a three month high against the greenback after US payrolls climbed more than forecast in July, boosting demand for riskier assets. The New Zealand dollar rose as high as 81.97 US cents following the data, the highest since April 27. It traded at 81.89 cents at 8am from 81.86 at the close of trading in New York. The trade weighted index was little changed at 73.55 from 73.52 last week. US employers added 163,000 jobs last month, beating the 100,000 expected by economists s...

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