The New Zealand dollar advanced on Monday following the lower than projected US jobs data.
Official figures showed employment growth bounced in April with 223,000 new jobs, while unemployment rate declined to 5.4%, its lowest since May 2008.
The kiwi surged to 66.81 euro cents from Friday’s 66.45, and 74.85 US cents from 74.55 US cents.
It also climbed to 48.42 British pence from 48.04 British pence, 94.25 Australian cents from 94.19 Australian cents, and ¥89.57 from ¥89.36.
The figures disappointed modestly, with negative changes “to March nonfarm payrolls growth and hourly earnings remaining subdued,” said ANZ’s Philip Borkin and Sam Tuck.
Meanwhile, the New Zealand government will release its March final statements and electronic card transaction data today.
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