NZ dollar tumbles after strong US jobs data increases chances of Fed hike in June

Sun, 08 Mar 2015

By Tina Morrison March 9 (BusinessDesk) - The New Zealand dollar fell to its lowest in more than three weeks as the greenback soared after better-than-expected US jobs data boosted speculation the US Federal Reserve may raise interest rates as early as June. The kiwi fell to 73.40 US cents and was trading at 73.47 cents at 8am in Wellington, from 73.60 cents at the New York close and 74.93 cents at 5pm in Wellington on Friday. The trade-weighted index declined to 77.17 from 78.14 on Friday. The dollar index, which measures the greenbac...

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