NZ dollar weakens following upbeat US jobs data

Mon, 08 Feb 2016

By Tina Morrison Feb. 9 (BusinessDesk) - The New Zealand dollar weakened after an upbeat US employment report ahead of the local long weekend bolstered the US dollar. The kiwi fell to 66.35 US cents at 8am in Wellington, from 66.91 cents at 5pm on Friday. The trade-weighted index declined to 72.31 from 72.65 on Friday. New Zealand markets were closed for the national Waitangi Day holiday yesterday. The US dollar strengthened after the key non-farm payrolls report on Friday showed that although the monthly headline employment gain of 15...

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