NZ dollar stumbles ahead of US employment data

Thu, 07 Nov 2013

By Paul McBeth Nov. 7 (BusinessDesk) - The New Zealand dollar fell from its two-week high ahead of US employment figures on Friday, which are seen as a bellwether on the pace of recovery in the world’s biggest economy. The kiwi fell to 83.54 US cents at 5pm in Wellington from as high as 84.14 cents overnight, and was down from 83.77 cents at 8am and 83.81 cents yesterday. The trade-weighted index declined to 77.62 from 77.83 yesterday. Traders are preparing for the Friday release of US non-farm payrolls in Washington, which are expected t...

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