NZD headed for 0.8% weekly fall against greenback

Fri, 04 May 2018

By Rebecca Howard May 4 (BusinessDesk) - The New Zealand dollar is headed for a 0.8 percent weekly fall against the greenback and remains under pressure ahead of the US jobs data due later in the global trading day. The kiwi traded at 70.23 US cents at 5pm from 70.40 US cents as at 8am in Wellington from 70.17 cents late yesterday. It traded at 70.83 cents last Friday in New York. The trade-weighted index was at 73.21 from 73.27, below the Reserve Bank's assumed level of 75 in the last set of forecasts it published. The kiwi has been...

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