The nonfarm payrolls may probably show an increase of about 230,000 jobs in August compared to the addition of 209,000 jobs in July. Jobs data being a closely watched gauge for the Fed's monetary policy, any strong figures would bring forward the timings of rate increase by the bank.
The kiwi came under pressure in early deals after New Zealand Finance Minister
In an interview in
English also cautioned that weak dairy prices represent a "downside risk" for the economy.
The kiwi slipped to a 2-day low of 87.15 against the yen, compared to 87.40 hit late
A leading indicator of economic activity in
The leading index rose to 106.5 in July from 105.9 in June, when it had risen for the first time in five months. Economists had expected the index to rise to 107.1.
The kiwi declined to 1.1294 against the aussie, its weakest since
The construction sector in
That touches a nine-month high for the index, which came in at 52.6 in July. A reading above 50 signals expansion in a sector, while a score below means contraction.
The kiwi held steady against the euro, after edging down to 1.5632 in early deals. At yesterday's close, the pair was worth 1.5578.
Euro area economy stalled in the second quarter as estimated earlier as investments and inventories declined and state spending eased, latest figures from Eurostat showed.
Gross domestic product remained flat from the first quarter, when the economy expanded 0.2%. That was in line with the initial estimates.
The kiwi declined to a 6-1/2-month low of 0.8269 against the US dollar in Asian morning deals, but has bounced off in later trades. The pair was quoted at 0.8302 when it closed deals yesterday.
Most Popular Stories
- Steve Ballmer Files Six-Figure Counterclaim vs. Steve Gordon
- Creepers! Microsoft Buys 'Minecraft' Maker for $2.5 Billion
- Hispanic Buying Power Slow but Growing in South
- Back to School, Even in Immigration Jail
- Apple: Record iPhones 6 Orders on 1st Day
- U.S. Factory Output Slowed 0.4 Percent in August
- Is a Mayweather, Pacquiao Big-Money Fight Possible?
- Clinton: 'Fabulous to Be Back' in Iowa
- When to Say No to Investors, Yes to Mentors
- DOJ Launches Program to Thwart U.S. Extremists