NZ dollar gains vs. Australian dollar after strong jobs data, Wheeler talks down cut

Wed, 03 Feb 2016

By Paul McBeth Feb. 3 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart as data indicated a stronger labour market and after Reserve Bank governor Graeme Wheeler talked down the chances of another interest rate cut. The kiwi rose to 93.04 Australian cents at 5pm in Wellington from 92.14 cents yesterday. The local currency advanced to 65.37 US cents from 64.89 cents at 8am and 65.24 cents yesterday. Government data today showed New Zealand's unemployment rate unexpectedly fell to near a seven-year low 5...

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