UPDATE: NZ dollar jumps on strong labour data, might spur a rethink at central bank

Tue, 06 Nov 2018

By Rebecca Howard Nov. 7 (BusinessDesk) - The New Zealand dollar jumped 1 percent on stronger-than-expected September quarter jobs data that has economists now wondering whether the central bank will ditch talk of the possibility of an interest rate cut when it releases its latest monetary policy statement tomorrow. The kiwi traded at 67.34 US cents at 12:20pm versus 66.67 US cents just prior to news that the unemployment rate fell to 3.9 percent in the three months through September, from 4.4 percent in the June quarter. The rate w...

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