NZ dollar hits month-low vs. Aussie dollar after upbeat Australian employment data

Thu, 12 Nov 2015

By Tina Morrison Nov. 13 (BusinessDesk) - The New Zealand dollar touched a month low against the Australian dollar after upbeat employment data across the Tasman pushed out expectations for an interest rate cut in Australia. The kiwi slid as low as 91.50 Australian cents overnight, from 92.67 cents prior to the release of the data at 1:30pm New Zealand time yesterday afternoon. It was trading at 91.63 Australian cents at 8am in Wellington, from 91.72 cents at 5pm yesterday. The local currency weakened to 65.27 US cents from 65.57 cents ye...

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