NZ dollar trades in tight range ahead of key US jobs data

Tue, 01 Mar 2016

By Tina Morrison March 2 (BusinessDesk) - The New Zealand dollar traded in a tight range overnight as investors await a key US employment report at the end of the week for a gauge on the outlook for interest rates in the world's largest economy. The kiwi advanced to 66.28 US cents at 8am in Wellington, from 66 cents at 5pm yesterday, having traded between 65.69 cents and 66.38 cents overnight. The trade-weighted index gained to 72.26 from 72.02 yesterday. US economic data improved overnight, with reports showing manufacturing appeared...

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