NZ dollar rises to 3-month high as weaker US jobs data weighs on greenback

Mon, 05 Jun 2017

By Jonathan Underhill June 6 (BusinessDesk) - The New Zealand dollar rose to its highest level in about three months after surprisingly weak US employment data on Friday sent the greenback lower and raised doubts about any further Federal Reserve rate hikes after the one expected next week. The kiwi rose to 71.34 US cents, and earlier touched 71.49 cents, from 71.18 cents late yesterday. The trade-weighted index rose to 76.94 from 76.53 on Friday, before the three-day Queen's Birthday public holiday. The US economy added 138,000 jobs i...

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