NZ dollar gains vs. Australian dollar as unemployment rises across the Tasman

Thu, 06 Aug 2015

By Paul McBeth Aug. 6 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after Australia's unemployment rate unexpectedly rose, matching a 13-year high on a swelling labour force. The kiwi rose to 89.13 Australian cents from 88.69 cents yesterday. It bounced from a six-year low against the greenback, trading at 65.38 US cents at 5pm in Wellington from 65.01 cents at 8am and 65.22 cents yesterday. Australian Bureau of Statistics data today showed the unemployment rate rose to 6.3 percent in July from 6.1...

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