NZ dollar eases against Aussie on strong jobs data

Thu, 21 Feb 2019

By Jenny Ruth Feb. 21 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after strong employment data across the Tasman but then recouped much of the decline after Westpac predicted the Reserve Bank of Australia will cut rates twice this year. The kiwi was trading at 95.54 Australian cents at 5pm in Wellington from 95.72 cents at 8.15am. It was at 68.48 US cents from 68.61 cents and the trade-weighted index was at 73.98 from 74.15. The data showed the Australian economy added 39,100 jobs in January, the par...

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