NZ dollar hits three-month high vs. Aussie on weak jobs data

Thu, 10 Jul 2014

By Suze Metherell July 10 (BusinessDesk) - The New Zealand dollar climbed to a three-month high against its Australian counterpart after a higher-than-expected unemployment rate across the Tasman made the local currency more attractive. The kiwi rose as high as 93.83 Australian cents, the highest since March this year, and was trading at 93.79 cents at 5pm in Wellington from 93.57 at 5pm yesterday. It was unchanged at 88.20 US cents at 5pm from 8am, up from 87.93 at 5pm yesterday. The Australian dollar fell after Federal government dat...

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