NZ dollar falls against Aussie on stronger-than-expected jobs numbers

NZ dollar falls against Aussie on stronger-than-expected jobs numbers
Jenny Ruth
By Jenny Ruth Aug. 15 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after better-than-expected jobs numbers across the Tasman but was little changed against the US dollar. The kiwi was trading at 94.96 Australian cents at 5pm in Wellington from 95.33 at 8am and at 64.41 US cents at 5pm in Wellington from 64.35. The Australian data showed a 41,100 gain in employment in July when economists had been predicting just 14,000. ‘’It really smashed it out of the park,” says Mike Shirley, a dealer at Kiwiban...

More Economy

NZ's directors see better days ahead
Economy

NZ's directors see better days ahead

Board directors are looking to Companies Act reform on their legal liabilities.

Greg Hurrell 22 Nov 2024
Govt’s arms flailing, with little cohesive direction
Economy

Ganesh Nana: Govt’s arms flailing, with little cohesive direction

A tight-fisted Government is hobbling its own ambitions. 

Ganesh Nana 22 Nov 2024
It’s time for a national conversation on productivity
Economy

Cameron Bagrie: It’s time for a national conversation on productivity

Bold action needed as a further downgrade to Treasury's forecasts looks likely.

Cameron Bagrie 22 Nov 2024
Treasury expects to downgrade forecasts
Economy

Treasury expects to downgrade forecasts

Per capita GDP has fallen 4.6% since the September quarter of 2022.

Rebecca Howard 21 Nov 2024