NZ dollar drops to month low vs Aussie after upbeat jobs report

Thu, 15 Jan 2015

By Paul McBeth Jan. 15 (BusinessDesk) - The New Zealand dollar dropped to a month low against its trans-Tasman counterpart after a better than expected jobs report eased fears about Australia's economy. The kiwi fell as low as 94.01 Australian cents, the lowest since Dec. 16, and traded at 94.27 at 5pm in Wellington from 95.19 cents yesterday. It was little changed at 77.22 cents from 77.20 cents at 8am, up from 77.03 cents yesterday. Australia added 37,400 jobs last month, beating the 5,000 expected, with the bulk being full-time posi...

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