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The New Zealand dollar fluctuated over the weekend as investors initially obtained the US dollar as US jobs figures outmatched projections, but sold it again on worries the lack of wage inflation may defer interest rate hikes.
The kiwi traded at 78.38 US cents from Friday’s 78.34 US cents. It dropped to 95.49 Australian cents from 96.22 Australian cents, and ¥92.81 from ¥93.65 as Japanese banks were shut to observe Coming-of-Age Day.
The currency also tumbled to 66.19 euro cents from 66.39 euro cents, and 51.67 British pence from 51.92 British pence.
US nonfarm payrolls reflected the economy gained 252,000 new jobs in December while the unemployment rate fell to 5.6%, the weakest since June 2008.
