NZ dollar falls against Aussie as improving labour market stokes Australian sentiment

Thu, 16 Nov 2017

By Rebecca Howard Nov. 16 (BusinessDesk) - The New Zealand dollar fell against the Aussie dollar and the greenback after figures showed Australia's jobless rate dropped to its lowest level in more than four years. The kiwi fell to 90.24 Australian cents as at 5pm in Wellington from 90.56 cents late yesterday. It declined to 68.55 US cents from 68.71 cents yesterday. Figures from the Australian Bureau of Statistics showed the unemployment rate fell to 5.4 percent in October from 5.5 percent in September. Economists had expected the rat...

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