Kiwi above 83 US cents after US payrolls, other data mixed

The New Zealand dollar held above 83 US cents, having rallied in New York on Friday after figures showing the US economy added more jobs than expected and the jobless rate fell. Weaker US consumer sentiment capped the gains.

The kiwi fell to 83.12 US cents from 83.24 cents in late New York trading on Friday. The trade-weighted index was at 74.47 from 74.51.

The US economy added 146,000 jobs in November and the unemployment rate dropped to 7.7%, the lowest in four years. That was partly offset by the Thomson Reuters/University of Michigan preliminary index, which showed consumer sentiment for December dropped more than expected to 74.5.

"Sentiment was slightly firmer overall, thanks to a consensus-beating US payrolls report," says Imre Speizer, a strategist at Westpac Banking Corp.

Helping lift sentiment, figures over the weekend showed China's Industrial production rose 10.1% in November from a year earlier, while retail sales jumped 14.9%.

The kiwi gained to 64.49 euro cents from 64.39 cents and slipped to 51.82 British pence from 51.91 pence. It fell to 79.24 Australian cents from 79.41 cents and traded at 68.54 yen from 68.62 yen.

(BusinessDesk)

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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7842 -0.0013 -0.17%
AUD 0.9199 -0.0020 -0.22%
EUR 0.6305 0.0001 0.02%
GBP 0.5016 0.0021 0.42%
HKD 6.0810 -0.0081 -0.13%
JPY 93.0840 0.5040 0.54%

Commods

Commodity Price Change Time
Gold Index 1196.6 -2.970 2014-11-26T00:
Oil Brent 79.4 -0.640 2014-11-26T00:
Oil Nymex 73.7 -0.340 2014-11-26T00:
Silver Index 16.6 0.000 2014-11-26T00:

Indices

Symbol Open High Last %
NZX 50 5455.4 5474.7 5472.4 -0.88%
NASDAQ 4797.1 4810.9 4787.3 0.09%
DAX 9990.7 9990.7 9974.9 0.06%
DJI 17830.6 17893.4 17827.8 0.16%
FTSE 6723.4 6734.7 6723.4 -0.01%
HKSE 23982.3 24117.2 24004.3 -0.07%
NI225 17340.2 17471.9 17248.5 1.23%