NZ dollar slips as greenback lifts on labour data ahead of payrolls report

Thu, 31 Jul 2014

By Tina Morrison Aug. 1 (BusinessDesk) - The New Zealand dollar weakened as US labour market data strengthened the greenback, bolstering optimism of an upbeat US non-farm payrolls report today which may reinforce the case for the Federal Reserve to hike rates sooner than pexpected. The kiwi slipped to 84.93 US cents at 8am in Wellington, from 85.03 cents at 5pm yesterday. The trade-weighted index edged lower to 79.67 from 79.71 yesterday. The US dollar index, which measures the greenback against a basket of currencies, held at its high...

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