RESEND: NZ dollar rises after US jobs data misses expectations

Sun, 10 May 2015

(Fixes non-farm payrolls figure in third paragraph) By Tina Morrison May 11 (BusinessDesk) - The New Zealand dollar gained after a key US employment report failed to meet expectations, pushing out the likely timing of US interest rate hikes. The kiwi advanced to 74.85 US cents at 8am in Wellington, from 74.86 cents at the New York close and 74.55 cents at 5pm in Wellington on Friday. The trade-weighted index rose to 77.31 from 77.08 on Friday. Traders pushed out their expectations for US interest rate rises until at least September ...

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