NZ Dollar Gains for Third Day vs. Greenback

The New Zealand dollar rose today against its US counterpart, posting the third day of gains, on the speculation that the report about the US non-farm payrolls would show the increase, spurring the demand for the higher-yielding currencies.

The report today may show, according to the analysts’ estimate, the gain of 143,000 jobs in November. In October the payrolls grew 151,000, the highest increase since May. The optimism for the economy bolstered the commodities and the commodity currencies. The Thomson Reuters/CRB Commodity Index of 19 raw materials rose 1 percent yesterday.

NZD/USD traded near 0.7560 as of 12:04 GMT after it opened at 0.7552 and rose to 0.7579.

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