Forex | Forex | The New Zealand dollar fell to one-week lows against the dollar (03/07/2009 05:48:58)

The New Zealand dollar fell to one-week lows against the dollar

The US dollar was higher vs. most major currencies as weak global data bolstered risk aversion. Domestic data showed that US employers cut 467,000 jobs in June, more than forecasts of 363,000. The unemployment rate rose to 9.5% as the labor market continues to struggle with the deep recession. Positive data showed that factory orders were up 1.2% and durable good were up 1.1%. The euro fell against the dollar as investors fled to safe-haven currencies following data showing Euro Zone economic


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