NZ dollar falls as weak employment figures push out expectations for rate hikes

Thu, 09 Aug 2012

By Hannah Lynch Aug. 10 (BusinessDesk) - The New Zealand dollar fell against the greenback after weaker-than-forecast local unemployment data stoked expectations the Reserve Bank to push out its path to higher interest rates. The New Zealand dollar fell to 81.19 US cents just before 8am from 81.49 cents yesterday at 5pm in Wellington. The trade weighted index was little changed at 73.03 from 73.02. New Zealand's unemployment rate unexpectedly rose 0.1 of a percentage point to 6.8 percent on Thursday, while Australia's rate of joblessness f...

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