NZ dollar falls vs. A$ after better than expected Australian jobs growth

Thu, 10 Apr 2014

April 11 (BusinessDesk) - The New Zealand dollar extended its decline against its trans-Tasman counterpart after figures showed Australian unemployment unexpectedly fell last month. The kiwi fell as low as 92.11 Australian cents overnight, trading at 92.25 cents at 8am in Wellington from 92.61 cents yesterday. The local currency declined to 86.84 US cents from 87.17 cents yesterday. Australia’s unemployment rate fell 0.2 percentage points to 5.8 percent in March, with 18,100 new jobs in the month, according to the Bureau of Statistics. Eco...

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