NZ dollar falls vs. Australia dollar after unemployment rate drops below 6%

Thu, 12 Nov 2015

By Paul McBeth Nov. 12 (BusinessDesk) - The New Zealand dollar dropped against its trans-Tasman counterpart after Australian jobs data showed the unemployment rate fell below 6 percent for the second time in 18 months, boosting the relative appeal of Australia's currency. The kiwi fell to 91.70 Australian cents from 92.70 cents immediately before the release and 92.99 cents yesterday. The local currency was little changed at 65.56 cents from 65.55 cents at 8am and down from 65.81 cents yesterday. The Australian dollar jumped after Bure...

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