Kiwi gains as traders digest weak US data

WITH traders pondering whether US interest rate rises will be delayed and NZ rates won't be cut as deeply as earlier thought, the kiwi dollar has gained.

THE New Zealand dollar has gained in local trading as investors weighed up the impact of weaker-than-expected US employment figures and what that means for the Federal Reserve's track to raise interest rates.

THE kiwi traded at 64.65 US cents at 5pm in Wellington from 64.59 cents at 8am, up from 64.36 cents on Friday in New York.