NZ dollar gains against Aussie on muted Australian wage growth

Wed, 14 Nov 2018

By Rebecca Howard Nov. 14 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after wage growth across the Tasman remained muted in the third quarter. The kiwi traded at 93.81 Australian cents at 5 pm in Wellington from 93.71 Australian cents at 8.30 am and from 93.37 cents late Tuesday. It was at 67.78 US cents versus 67.10 US cents late Tuesday. Australian wages rose by a seasonally adjusted 0.6 percent in the three months through September from the second quarter, and rose by 2.3 percent from a year earlier...

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