NZ dollar falls to 3-week low vs Australian as figures show diverging labour markets

Thu, 09 Aug 2012

By Paul McBeth Aug. 9 (BusinessDesk) - The New Zealand dollar fell to a three-week low against its Australian counterpart as weak local employment figures contrasted poorly with an improving labour market across the Ditch. The kiwi dollar fell to 76.76 Australian cents at 5pm from 77.01 cents yesterday. It traded at 81.49 US cents from 81.49 cents at 8am, up from 81.19 cents at 5pm in Wellington yesterday. New Zealand's unemployment rate unexpected rose 0.1 of a percentage point to 6.8 percent, while Australia's rate of joblessness fell t...

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