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NZ dollar slips as US ADP jobs report aids greenback; ECB, BOE loom

The New Zealand dollar fell back below 83 US cents after a US private sector jobs report came in stronger than expected, stoking speculation the Federal Reserve will curtail its money printing sooner than has been projected. The kiwi dollar fell to 82.81 US cents from 83.29 cents at 5pm in Wellington yesterday. The trade-weighted index eased to 76.22 from …

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While you were sleeping Dow extends record run

After hitting a fresh intraday high, the Dow Jones Industrial Average gave up some of those gains as investors looked for a fresh catalyst to extend the rally. In afternoon trading in New York, the Dow Jones Industrial Average was last up 0.23 percent to 14,285.91 after climbing as high as 14,320.65 earlier in the session. The Standard & Poor’s …

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