NZ dollar slips to lowest in more than 3 weeks on US labour market optimism

Thu, 07 May 2015

By Tina Morrison May 8 (BusinessDesk) - The New Zealand dollar slipped to its lowest in more than three weeks as traders anticipate better US jobless numbers point to a good employment report tonight, boding well for the world's largest economy. The kiwi touched 74.23 US cents, and was trading at 74.43 cents at 8am in Wellington, from 74.99 cents at 5pm yesterday. The trade-weighted index fell to 77.01 from 77.28 yesterday. US data overnight showed initial claims for state unemployment benefits rose a mere 3,000 to a seasonally adjuste...

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