The New Zealand dollar slipped ahead of a key US employment report later today which analysts are tipping to be better than expected, bolstering expectations the Federal Reserve will continue to pull back its monetary stimulus this year. The kiwi weakened to 82.43 US cents at 8am in Wellington from 82.57 cents at 5pm yesterday. The trade-weighted index dropped to …

A better-than-expected weekly US jobless claims report, following the solid private employers’ data released earlier this week, kept investors on edge for tomorrow’s government employment report. The clear signs of an improving US jobs market are good news for the overall picture of recovery in the world’s largest economy, yet it may also prompt the Federal Reserve to accelerate the …

New Zealand shares rose, led by Xero on optimism more investors will focus on the cloud-based accounting firm’s growth potential. Wynyard Group, another high-growth tech company, surged to a new record. The NZX 50 Index rose 35.070 points, or 0.7 percent, to 4814.874. Within the index, 21 stocks rose, 20 fell and nine were unchanged. Turnover was $95 million. Xero, …