NZ dollar stays below 70 US cents, traders suggest range of 67-72 cents in coming months

Mon, 09 Jan 2017

By Edwin Mitson Jan. 9 (BusinessDesk) - The New Zealand dollar remained below 70 US cents in trading on Monday, with dealers suggesting the local currency would likely trade between 67 and 72 US cents over the coming months, well below the levels achieved in 2016. The kiwi was trading at 69.57 US cents at 5 pm in Wellington on Monday, down slightly from 69.60 at 8 am this morning and 69.58 US cents on Friday in New York. US non-farm payrolls published on Friday showed average wages rising at their fastest pace since 2010, adding to a them...

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