NZ dollar climbs to new 8-year high vs. Australian dollar as jobs data weighs on rate outlook

Thu, 16 Jan 2014

By Paul McBeth Jan. 17 (BusinessDesk) - The New Zealand dollar climbed to a new eight-year high against its trans-Tasman counterpart after weak Australian jobs data highlighted the divergent interest rate outlooks between the neighbouring economies. The kiwi rose as high as 94.80 Australian cents, trading at 94.72 cents at 8am from 94.45 cents yesterday. The local currency increased to 83.44 US cents from 83.29 cents yesterday. Australian government figures showing a decline in full-time jobs in December prompted analysts to revisit their...

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