NZ dollar gains after Trump says greenback 'too strong', falls vs Aussie on jobs data

Thu, 13 Apr 2017

The New Zealand dollar rebounded after US President Donald Trump said in an interview that the greenback was getting too high and he would prefer US interest rates to stay low. The kiwi fell against the Aussie after stronger-than-expected jobs data across the Tasman. The kiwi dollar rose to 70.02 US cents as at 5pm in Wellington from 69.45 cents late yesterday. It fell to 92.27 Australian cents from 92.66 cents after figures showed Australia added three times as many jobs as forecast in March. Trump told the Wall Street Journal that the g...

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