NZ dollar climbs back above 96 Australian cents after weak jobs data

Thu, 12 Feb 2015

Feb. 12 (BusinessDesk) - The New Zealand dollar rose above 96 Australian cents for the first time in five weeks, after data showed a weaker-than-expected Australian labour market, stoking talk the two currencies could reach parity. The kiwi rose as high as 96.01 Australian cents, and traded at 95.85 cents at 5pm in Wellington, from 95.50 cents late yesterday. It reached a post-float high of 96.52 cents on Jan. 8. The local currency dropped to 73.42 US cents from 74.21 cents yesterday. The Australian economy unexpectedly shed 12,000 jobs...

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