NZ dollar rises to near 8-week high as markets mull US jobs data

Mon, 13 Jan 2014

By Paul McBeth Jan. 14 (BusinessDesk) - The New Zealand dollar rose to its highest level since late November as markets continued to gauge whether last Friday’s weak US employment figures will weigh on the Federal Reserve’s plans to scale back its bond buying programme. The kiwi rose as high as 83.83 US cents, its highest level since Nov. 20, trading at 83.76 cents at 8am in Wellington from 83.31 cents yesterday. The trade-weighted index advanced to 78.77 from 78.41 yesterday. Japan’s yen strengthened to 102.89 per US dollar as investors...

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