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

Thu, 18 Feb 2016

By Paul McBeth Feb. 18 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after Australia's unemployment rate unexpectedly rose in January, in what's been a volatile data set in recent months. The kiwi rose to 92.89 Australian cents at 5pm in Wellington from 92.39 cents yesterday. The local currency climbed to 66.58 US cents from 66.33 cents at 8am and 65.58 cents yesterday, joining a rally in risk-sensitive assets after their selldown so far this year. The Australian dollar dropped after Bureau of St...

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