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NZD/USD extends recovery after NFP

FXStreet (Córdoba) - NZD/USD moved further away 6-month lows scored during the Asian session as the greenback weakened broadly on the back of lower-than-expected nonfarm payrolls.

Data showed, the US economy created 142,000 jobs in August, the smallest increase since December, falling short of consensus of 225,000. However, the unemployment rate dropped to 6.1% from 6.2% in July.

NZD/USD extended its recovery after data, climbing to a daily high of 0.8337 before easing slightly. At time of writing, the kiwi is trading at 0.8320, still 0.20% above its opening price but 0.32% down this week.

NZD/USD is poised to post its third weekly decline in a row and the seventh in eight.

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