RESEND: NZ dollar flip flops as investors mull US jobs data, Fed interest rate hikes

Sun, 11 Jan 2015

(Fixes typo in 3rd graph) By Tina Morrison Jan. 12 (BusinessDesk) - The New Zealand dollar was volatile over the weekend as investors initially bought the greenback when US jobs growth numbers beat expectations, but then sold it again on concern that the lack of wage inflation may deter the Federal Reserve from hiking interest rates until later in the year. The kiwi was trading at 78.38 US cents at 8am in Wellington, having dropped as low as 77.88 cents on the US jobs numbers, before rebounding to trade at 78.35 cents at the New York c...

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