NZ dollar slips from month-high ahead of US payrolls; Fed rate hikes questioned

Fri, 05 Feb 2016

By Jonathan Underhill Feb. 5 (BusinessDesk) - The New Zealand dollar fell from a month-high ahead of employment data in the US that may give investors more clarity on how much time the US Federal Reserve will take to raise interest rates again. The kiwi traded at 66.93 US cents at 5pm in Wellington, from 67.46 cents at the start of the day and from 67.25 cents late yesterday. The currency is heading for a 3.5 percent weekly gain against the greenback. The trade-weighted index was little changed at 72.65 from 72.61 yesterday. Investors...

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