NZ dollar extends rally as weak Aust employment pushes funds across the Tasman

Thu, 11 Apr 2013

By Paul McBeth April 11 (BusinessDesk) - The New Zealand dollar extended its gains after weaker than expected Australian employment figures saw funds cross the Tasman in search of better returns in a more stable economy. The kiwi rose to 85.92 US cents at 5pm in Wellington from 85.74 cents at 8am and 85.24 cents yesterday. The trade-weighted index touched a new post-float high at 79.11, and was 79.06 at 5pm from 78.36 yesterday. The Australian dollar fell a quarter of a cent to US$1.0520 after government figures showed the nation's unemplo...

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