NZ dollar gains vs Aussie as Australian economy sheds jobs for second month

Thu, 20 Oct 2016

By Jonathan Underhill Oct. 20 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after figures showed continued weakness in the jobs market across the Tasman, raising concerns about the relative performance of that economy. The kiwi rose to 94.34 Australian cents at around 5pm in Wellington, the highest since Oct. 10, from 94.02 cents late yesterday. The currency rose to 72.40 US cents from 72.12 cents yesterday. The Australian economy shed 9,800 jobs in September from August, following a 9,000 drop the p...

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