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Kiwi dollar ends lower

2009-07-03 11:29:36
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The kiwi dollar weakened to a 10-day low Friday after the dollar rose overnight.

At close, the NZ dollar was buying 62.98c, having dipped to 62.59c, its lowest since June 23, from 63.79c at close Thursday.

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The dollar rose against major currencies after bleak US jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal.

At the local close today the NZ dollar was down to 60.45 yen from 61.60 at close Thursday and down to 0.4505 euro from 0.4517.

Against the Australian dollar, the NZ dollar dropped to a 2-1/2-week low around A78.70c overnight before improving to A79.07c at close from A79.30c Thursday. The trade weighted index fell to 59.66 from 60.16 Thursday.

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