NZ dollar slips as key US jobs report tipped to beat expectations

Thu, 09 Jan 2014

By Tina Morrison Jan. 10 (BusinessDesk) – The New Zealand dollar slipped ahead of a key US employment report later today which analysts are tipping to be better than expected, bolstering expectations the Federal Reserve will continue to pull back its monetary stimulus this year. The kiwi weakened to 82.43 US cents at 8am in Wellington from 82.57 cents at 5pm yesterday. The trade-weighted index dropped to 78.16 from 78.30 yesterday. Investors are awaiting non-farm payrolls employment figures in the US today, buoyed by better than expected jo...

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