NZ dollar falls vs Aussie as stronger labour market stokes sentiment across the Tasman

Thu, 18 May 2017

By Jonathan Underhill May 18 (BusinessDesk) - The New Zealand dollar declined against the Aussie dollar after figures showed the Australian economy added more jobs than expected last month while the unemployment rate fell. The kiwi dollar fell to 92.86 Australian cents, having touched 93.50 cents immediately before the jobs data was released, from 92.90 cents late yesterday. The local dollar traded at 69.28 US cents from 68.96 cents yesterday. Australia's unemployment rate fell to 5.7 percent in April, while economists had expected no...

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