NZ dollar slips as US ADP jobs report aids greenback; ECB, BOE loom

Wed, 06 Mar 2013

March 7 (BusinessDesk) – The New Zealand dollar fell back below 83 US cents after a US private sector jobs report came in stronger than expected, stoking speculation the Federal Reserve will curtail its money printing sooner than has been projected. The kiwi dollar fell to 82.81 US cents from 83.29 cents at 5pm in Wellington yesterday. The trade-weighted index eased to 76.22 from 76.32. US private employers added 198,000 jobs to their payrolls in February, according to the ADP National Employment Report, beating estimates and prompting some...

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