NZ dollar slips as Chinese intervention calms markets, US payrolls loom

Thu, 03 Sep 2015

By Paul McBeth Sept. 3 (BusinessDesk) - The New Zealand dollar fell after intervention by China to prop up ailing equities calmed volatile markets ahead of this week's US employment data, which may keep alive chances of a rate hike by the Federal Reserve this month. The kiwi traded at 63.41 US cents at 5pm in Wellington from 63.42 cents at 8am, down from 63.63 cents yesterday. The trade-weighted index was little changed at 68.94 from 69.04 yesterday. Equity benchmark indexes on Wall Street rose yesterday after Chinese state funds bough...

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